Shipper, which wants to build a speedy delivery network for online merchants across Indonesia’s thousands of islands, has secured series A funding, it announced today.
It comes a year after the team became one of the few Indonesian startups to ever have graduated from Y Combinator’s prestigious incubator in Silicon Valley. While Shipper is keeping the fresh funding sum a secret, reports KrAsia, it’s likely multiple times greater than the $5 million seed investment it got last fall.
Shipper facts & stats:
- Building a logistics network made up of third-party services, including big names like Gojek, Grab, and Lalamove
- Works with over 200 logistics partners
- Network includes its own warehousing and fulfillment center services
- Prosus Ventures, the new name for Naspers Ventures, led Shipper’s latest fundraising, with Y Combinator also joining in
Shipper is one of a large wave of startups applying new tech to old problems across the shipping and logistics industries, which are growing on the back of a boom in online shopping and cross-border trade. Southeast Asia’s third-party logistics market was worth US$36 billion in 2017 and is set to grow to US$56 billion by 2025.