Jakarta, Indonesia-based Shipper, a technology-enabled logistics platform has closed its Series A funding round, raising undisclosed sum. Prosus Ventures, formerly Naspers Ventures, led the round.
JAKARTA, June 18, 2020 – Shipper, the Indonesian technology-enabled logistics platform, announced today that it has raised Series A funding led by Prosus Ventures, formerly known under the name Naspers Ventures, to expand their business in Indonesia. Existing investors including Lightspeed, Floodgate, Y Combinator, Insignia Ventures, and AC Ventures participated in the round.
Shipper is a tech-enabled logistics platform that offers a one-stop logistics solution, from a multi-courier shipping platform to distributed warehousing & fulfillment network. In addition, Shipper offers more than 30 locations to choose from and plans to expand its reach to other cities and new regions in Indonesia to accommodate the needs of consumers.
Indonesia’s logistics market is projected to hit US$240 billion by 2021, roughly the same size as India’s US$215 billion logistics market (2020 estimation based on “Indonesia Logistics and Warehousing Market by Sector (Freight Forwarding, Warehousing, VAS), by Domestic and International Services – Outlook to 2021)”.
Despite the size of the market, logistics in Indonesia is extremely inefficient. In tier 2 and tier 3 cities, shipping costs can often add up to 40% of e-commerce basket sizes, serving as a major barrier to mass e-commerce adoption in the country.
Shipper aims to solve three major problems in Indonesia’s logistics aspects, including a confusing plethora of different warehousing & shipping options, lack of price transparency, and below average track-ability.
“With this investment Shipper will continue to grow, and our priority now is to recruit exceptional talent to join us in building strong data and tech capabilities to structure the unstructured world of fulfillment and shipping,” said Budi Handoko, COO and co-Founder, Shipper.
The new investment round will enable Shipper to continue expanding their solutions and address the pain points of businesses finding the best shipping partner; without the hassle of evaluating multiple factors such as cost comparison, orders and tracking, insurance and more.
“Prosus Ventures partners with businesses that are solving big societal needs with technology, in a uniquely local way. We think about where we can really make an impact as an investor and zero in on sectors of the economy where technology can lead to meaningful change in consumer behavior and economics, said Banafsheh Fathieh, Principal Investor, Prosus Ventures.” Shipper has identified a massive need in the market, matched it with a local technology-enabled solution to ultimately benefit consumers and make the logistics of shipping for businesses cost-effective and hassle-free. We are excited to partner with them to transform the logistics of ecommerce for Indonesia.”
“Shipper addresses logistics needs with a favorable tech-enabled, asset-light, variable-capacity model. This model has demonstrated strong early adoption since its launch, and will only continue to improve with a strong, seasoned team,” added Budi.
Currently, Shipper is working with more than 100 express couriers to deliver their promise to customers of hassle-free shipping and fulfillment on top of competitive shipping costs and transparent services, so online established or personal eCommerce can have more time to focus on the most important parts of their businesses.
Shipper is a tech-enabled logistics platform that offers a one-stop logistics solution, from a multi-courier shipping platform to distributed warehousing & fulfillment network. Shipper was founded with a mission to create simple logistics experience for small and medium business owners. As a shipping aggregator, Shipper connects customers with the best shipping partner for their needs.
Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, payments and fintech, and food delivery sectors in markets including India, Russia and Brazil. Through its ventures team investments, in areas including edtech and health, Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to address big societal needs.