Anchanto, a Singapore and India-based B2B software-as-a-service (SaaS) startup specialising in ecommerce technology, has raised $12.1 million (Singapore $16.6 million) in its ongoing Series C round.
The investors in this funding round included Asendia, a joint venture of the French National Post La Poste and State-run Swiss Post, and MDI Ventures, the corporate venture arm of Indonesian telco firm Telkom Indonesia, according to a statement.
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Founded by Vaibhav Dabhade in 2011 in Singapore, Anchanto has also got its presence in India, with an office in Pune.
This round also marks the start of Anchanto’s partnership with Asendia AG, a European cross-border ecommerce shipping and mail services giant, as a new shareholder.
Asendia is the fourth customer to turn into a shareholder after MDI (Telkom Indonesia), Transcosmos Japan, and Luxasia. MDI Ventures is a corporate venture capital initiative by Telkom Indonesia – which increased its stake further by adding to its existing investment.
As of last year, Anchanto’s platforms has processed a combined Gross Merchandise Value (GMV) of nearly $2.71 billion.
(Edited by Suman Singh )
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