Shipper Bags US$63M Series B Funding
Indonesia: Shipper, an Indonesia-based digital logistics provider, announced today that it has secured US$63 million in a Series B funding round, led by DST Global partners and Sequoia Capital India.
This round comes less than a year after Shipper raised an undisclosed amount in Series A funding in June.
According to a press statement, the proceeds of this round will go towards hiring, product enhancement, and expansion of its network.
Launched in 2016, Shipper offers a suite of logistics solutions like multi-courier shipping, distributed warehousing, and fulfillment networks for businesses of all sizes.
Besides that, it also provides a multi-carrier API that allows sellers to manage orders, print shipping labels, and get tracking information from multiple providers on their phones.
“We started the company four years ago as a result of our personal pain points in packing and delivering packages as online sellers. Building Shipper, we have always approached the problem from the angle of a micro, small and medium-sized business because that is who we are. We are excited to play our role in further empowering this segment and strengthening the nation’s logistics ecosystem,” Shipper co-founder Budi Handoko.
E-commerce has always been a popular sector in Indonesia that saw significant growth since the onset of COVID-19. Other players in the local market are Waresix, SiCepat, Kargo, Ritase, and Logisly, among others.
According to GlobalData, e-commerce sales are estimated to grow by 37.4 percent, compared to the pre-COVID-19 estimate of 22.2 percent for the same year.
Amid the crisis, many Southeast Asian logistics-tech companies, such as B2B logistics firm Logisly, Andalin, Mycloudfulfillment, and Flash Express (both Thailand), and Tramés (Singapore), raised financing.
