Anchanto raises $4 million in Series C Funding from MDI Ventures,

05 July 2018, India:

SaaS company Anchanto has raised $4 million in Series C round of funding. The funding round was led by MDI Ventures, Telkom Indonesia’s corporate venture capital arm.

The company will use the fresh capital to expand the market outreach and build stronger regional Southeast Asia presence.

Vaibhav Dabhade CEO and founder, Anchanto said, “We aim to enable thousands of Indonesian SMEs, Micro-SMEs, and Enterprise businesses to join the eCommerce bandwagon, and seamlessly onboard them on Telkom Indonesia’s DELON (www.delon.id), for eCommerce fulfillment/warehousing and other digital services. Essentially, we are going to empower Indonesian entrepreneurs to scale their businesses in Southeast Asia’s biggest eCommerce market.”

Vaibhav added, “Telkom, with more than 170 million strong user base, digital platforms, mobile payment and business solution, is the ideal partner for Anchanto to scale business in Indonesia. DELON (Depo Logistik Online), a Pos Indonesia and Telkom Indonesia joint logistics platform, has its fulfillment centers running on Anchanto eWMS platform. Interestingly, MDI is the third customer to invest in us. This is an excellent vote of confidence in our technology, team, vision, and strategy from the very users of our software platform.”

Nicko Widjaja, CEO and Investment Director of MDI Ventures said, “This investment complements our efforts in ecommerce sector, tackling different market segments of Indonesia’s logistics landscape with different approaches. Anchanto’s eWMS provides one of the best dedicated system to synchronize across warehouse management, transportation, and analytics systems.”

Natal Iman Ginting, Managing Director of Metra Logistics, Telkom Indonesia’s Logistics Business Division said, “Telkom Group will be using Anchanto’s technology to provide integration of O2O solutions and e-logistics capabilities, including cross-border shipments, multi-location warehousing, hyper localisation that enable companies to global market selling via SelluSeller and eWMS.”

(Image – Anchanto)