Get Series A Funding, Shipper Logistics Startup Ready for Expansion
Technology-based logistics startup from Indonesia Shipper received series A funding from several investors. Funding is planned to be used by Shipper to expand the area of logistics delivery to several Indonesian cities.
This funding is led by a venture capital company based in the Netherlands, Prosus Ventures, or previously known as Naspers Ventures. Several other investors were involved, such as Lightspeed, Floodgate, Y Combinator, Insignia Ventures, and AC Ventures.
The plan, through the series A funding, Shipper plans to expand its reach to other cities and new regions in Indonesia to accommodate consumer needs. Shipper will also develop local human resources and build strong data through technology.
“This is to arrange logistics and shipping needs that have not been well structured,” Budi said in a press release on Monday (6/22).
Principal Investor Prosus Ventures Banafsheh Fathieh said, as an investor, he was aiming at economic sectors that use technology to make changes in consumer behavior. Investors are interested in Shipper, because this logistics service aggregator startup relies on technology and a profitable variable-capacity model.
“It has identified great needs in the Indonesian market and matched them with technology-based solutions. So that they can benefit consumers and make the logistics process,” he said.
Already Cooperate with more than 100 Express Couriers
Shipper is a technology-based logistics platform offering one-stop service solutions, ranging from multi-courier delivery platforms to the distribution of warehousing & fulfillment service networks. It offers more than 30 locations to choose from and plans to expand its reach to other cities and new regions in Indonesia to accommodate consumer needs.
At present, Shipper has worked with more than 100 express couriers. Shipper has also worked with JNE, Sicepat, Ninja Xpress, and e-commerce. As an aggregator startup, Shipper implements an application programming interface/application programming interface / API to be integrated with its partners’ platforms.
Shipper does not charge users, but instead, they will take commission from their partners. Last year, Shipper also received funding of US $ 5 million or around IDR 70 billion.
The Company will Add Human Resources with the Investment Obtained
Shipper said he would continue to develop and expand the reach of his business in Indonesia after getting Series A funding from several investors led by Prosus Ventures – previously known as Naspers Ventures.
Through its latest investment, Indonesia’s technology-based logistics platform can continue to expand the range of solutions, and help consumers find the best shipping partner; without the need to spend time considering cost comparisons, orders, tracking, insurance, and more.
“With this investment, Shipper will continue to grow and continue to look for quality local talent to join us in building strong data through technology to arrange logistics and delivery needs that have not been well structured,” COO and Shipper Co-Founder, Budi Handoko said in a press release on Friday (6/19).
Shipper Becomes a Solution for Logistics Inefficiency in Indonesia
But regardless of its size, the logistics market in Indonesia is still classified as very inefficient. In tier 2 and tier 3 cities, shipping costs often add up to 40% of total e-commerce transactions, thus becoming a major barrier for people in these cities to adopt e-commerce en masse.
Shipper was also present as a solution to the three main problems of logistics aspects in Indonesia, ranging from the selection of complex shipping and warehousing services, lack of price transparency, and the ability to track routes that are still below average.
Responding to its investment in Shipper, Principal Investor Prosus Ventures Banafsheh Fathieh explained, that Prosus Ventures is always looking for business partners who have unique technology-based solutions in solving the problems of the needs of local communities.