Anchanto raises USD 4 Mn by MDI Ventures in series C round

New Delhi [India], July 4 (ANI): Singapore headquartered pan-Asia SaaS technology company Anchanto on Wednesday announced raising of funds worth USD 4 million in the first round of its ongoing Series C investment, led by MDI Ventures, Telkom Indonesia's corporate venture capital arm.

The MDI funding comes after Series B funding from Transcosmos Inc Japan and Luxasia Group, Singapore in May 2017. The proceeds of the fund will be used to expand the market outreach and build stronger regional Southeast Asia presence.

Anchanto's SaaS platforms connects eCommerce sellers, brands, retailers and warehousing and fulfillment service providers to 70+ eCommerce sales channels. Using Anchanto platforms, Enterprise businesses and SMEs manage core their ecommerce business operations such as - warehousing services, catalogue, pricing, multi-channel selling, logistics, and local and cross-border shipping.

"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," said CEO and founder, Anchanto, Vaibhav Dabhade.

"This is an excellent vote of confidence in our technology, team, vision and strategy from the very users of our software platform," added Vaibhav.

"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 localization that enable companies to global market selling via SelluSeller and eWMS," said Natal.

Adding to this Nicko Widjaja, CEO and Investment Director of MDI Ventures said that the investment will complete the end-to-end e-commerce solutions that's currently in the portfolio, and empower the nation's eCommerce ecosystem.

"As products become more diverse, e-commerce will need to optimize the supply chain to be delivered as quickly as possible to the customers. Anchanto's eWMS provides one of the best dedicated system to synchronize across warehouse management, transportation, and analytics systems," added Nicko. (ANI)

This story has not been edited. It has been published as provided by ANI