E-commerce has a bright future, Indonesian logistics startup Shipper receives $63 million in financing

According to foreign media reports , Indonesian logistics company Shipper recently received US$63 million in financing led by DST Global and Sequoia India, with participation from existing investors Prosus, Floodgate, Lightspeed and others .

Shipper was founded in 2017 and has established 161 warehouses in 30 cities in Indonesia. Shipper said that the new investment will mainly be invested in the construction of distribution systems.

It is reported that Shipper only received its Series A financing in June last year, and in less than a year, the company received its Series B financing.

Shipper co-founder and CEO Phil Opamuratawongse said the Series B funding will greatly help Shipper improve its technology and operational capabilities, allowing shippers to further invest in technology development and significantly expand their logistics network while continuing to expand their company's service network.  

"From the beginning, Shipper's mission to simplify and expand the breadth of logistics services has remained consistent, and during this time, the number of customers wanting to work with us has increased," Phil said in a statement .

The shipper is the division that provides logistics services , including many services fulfillment and distribution services through a network of logistics centers, distribution partners, and digitally managed retail points of sale.

Today, Shipper serves thousands of e-commerce businesses and delivers millions of products each month. Last year, the shipper’s customers saw an increase in shipping packages purchased online, which was accelerated by the Covid-19 pandemic.

It is understood that the delivery volume of Southeast Asian logistics was 800,000 pieces /day in 2015. By 2018 , it increased to 3 million pieces /day, and reached 8.6 million pieces /day in 2020 .

Currently, in Singapore and Malaysia alone, at least more than one million tons of cross-border e-commerce packages are airlifted from China to these two countries through various channels every day.

Looking at the entire Southeast Asia region, the logistics infrastructure is still relatively poor. When the freight volume is large, the importance of the scale of logistics companies is self-evident.

Several logistics start-ups have emerged in Southeast Asia. Coupled with the layout of Chinese logistics companies, the scale of logistics in Southeast Asia may grow explosively, and the scale of cross-border e-commerce will also expand.

logistics

Southeast Asia