Logistics Startup, Shipper Received Investment from American Accelerator
Indonesian logistics startup, Shipper, received funding of USD 5 million from Y Combinator, accelerator from the United States, and along with Lightspeed Venture Partners, Insignia Ventures Partners, Convergence Ventures, and Floodgate. Quoting from Tech Crunch, Shipper is planning to use the extra capital to attract more consumers.
Shipper itself is a logistical service aggregator startup. It has collaborated with Sicepat, Ninja Xpress, JNE, and aCommerce which are some of the most popular shipping service operators in Indonesia. As an aggregator startup, Shipper applies an application programming interface (API).
The API here is applied to be integrated with the platforms of its partners. Shipper also doesn’t charge users. For monetization, the company only takes a commission from partners for service requests through the Shipper platform. Other startups also gain investment recently.
For example, the Paxel startup has earned USD 10 million. Moreover, Sicepat has collected a series of funding of USD 50 million last April. Not only logistics companies with the Business to Consumer (BtoC) model, Business to Business (BtoB) startups also get some fresh funds.
Not Only Shipper but Other Startups Also Get Some Fresh Funds
Four startups related to the shipment of BtoB model have gained extra capital since the beginning of this year. AllSome Fulfillment has earned seed funding of USD 1.94 million from East Ventures last August. After receiving additional capital, this Malaysian packaging and shipping startup plans to enter the Indonesian market.
Meanwhile, a local logistics startup, Ritase has got an investment earlier this year as well. The fresh funds were gained in a series of funding of USD 8.5 million. This capital comes from Golden Gate Ventures along with ZWC Ventures and Jafco Asia.
Furthermore, Waresix also gained a series of funding of USD 14.5 million last July. The funding was received from SMDV, EV Growth, and Singapore-based venture capital, the Jungle Ventures. EV Growth leads to this funding. There is also Triplogic, a startup company in the field of on-demand logistics.
Triplogic received initial funding from East Ventures last March. Triplogic co-founder and CEO, Oki Earlivan explained the fresh funds were planned to expand the business’ logistics network. Just like Shipper, all these funds would be used to improve the company’s business.
Shipper Is Ambitious to Offer “Amazon-Level Logistics”
Indonesia is known to have one of the fastest-growing markets for e-commerce. However, the logistics industry is still fragmented, creating headaches for both customers and vendors. Shipper then comes as a startup with an ambitious goal of providing online sellers access to “Amazon-level logistics.”
After receiving funding from some investors, Shipper will use it to improve customer acquisition. This startup itself was launched in 2017 by Budi Handoko and Phil Opamuratawongse as co-founders. And the service is now used by more than 25,000 online sellers.
In Indonesia, there are more than 2,500 logistics providers. Many of them only cover a small area. For this reason, it is quite difficult for one provider to do nationwide themselves. For this reason, Shipper’s mission is just to create a platform that makes the process more efficient.