Anchanto secures Series B round from transcosmos inc. Japan
The Singapore-based e-commerce fulfilment provider is going places with its latest investment. Literally.
Image Credit: Anchanto
Singapore-based e-commerce fulfilment company Anchanto has today announced closing an undisclosed investment in a Series B round from transcosmos inc. Japan.
Founded in 2011, Anchanto will use the cash to “roll out pan-Asian services for online businesses, brands and retailers”, according to a press release.
transcosmos is a Japanese e-commerce giant with operations across Asia. It has made several investments into various Southeast Asian e-commerce companies, from Thailand-based e-book marketplace Ookbee to Singapore-based cosmetics marketplace Luxola.
Vaibhav Dabhade, Co-founder and CEO, Anchanto, said that since the company closed its Series A round led by Innosight Ventures in May 2014, it has grown 17 times.
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Currently, it boasts more than 380 clients in three countries: Singapore, Malaysia and India.
Its services range from technology to services to infrastructure.
Vaibhav Dabhade, Co-Founder & CEO, Anchanto
For example, it can help e-commerce clients scale their operations by managing warehousing and inventory, order processing, delivery and reverse logistics needs, for them. It also lets brands and sellers list and manage inventory across marketplaces using its Channel Management system.
“Our mission is to let e-commerce companies, sellers and brands focus on what they do best while we take care of providing world class fulfilment technology and infrastructure to them at scale, on demand,” he said.
“Our customers are asking us for larger regional and global coverage,” continued Dabhade.
Dabhade also spoke about Anchanto’s business partnership with transcosmos to further market the latter’s e-commerce solutions to Singapore, Malaysia, Indonesia, Thailand, Australia and India.
“More than 2,500 of transcosmos’ partner customers and brands will now be able to enter the Southeast Asia and India markets seamlessly with our channel management service,” he said.
e27 has reached out to Anchanto for more details.
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