Asendia becomes shareholder of Anchanto
Asendia – a joint venture of the French National Post La Poste and State-run Swiss Post – has become a shareholder of Anchanto – a Singapore-based B2B software-as-a-service (SaaS) company specialising in E-Commerce technology.
The new funding, part of its ongoing Series C round, totalling S$16.6 million raised to date.
Taking part in the funding round were Asendia and MDI Ventures, the corporate venture arm of Indonesian telco firm Telkom Indonesia.
Anchanto will use the funds to strengthen its research & development portfolio to launch two new products, build data platform and expand to three more markets.
The company will also invest in hiring skilled talents to enhance and accelerate the launch of its new products into markets – especially with the demand for SaaS solutions on the rise.
Marc Pontet, CEO of Asendia said: “Asendia intends to continue its journey along the cross-border E-Commerce value chain and support the growth of an innovative technology company serving the international growth of global brands. We have high hopes for further cooperation with Anchanto and we expect that we are going to create additional growth and synergies for the company thanks to our logistics and technology capabilities.”
“We are pleased to have Asendia invest into Anchanto’s vision. Asendia Singapore cross-border E-Commerce operations have been running on Anchanto Wareo and SelluSeller platform for over two years now. Asendia 100% owns wnDirect- which happens to be our customer for over six years. We see the investment from Asendia as our gateway to European markets. 70% + of investment in Anchanto has been from our customers, which is a great testimony of how powerful and stable our platforms are and the trust global companies have in us.” – Vaibhav added.
As of last year, Anchanto’s platforms have helped streamline the E-Commerce operations of more than 12,000 business and sellers consisting of over 300 global enterprises. Anchanto’s customers manage over 67 million+ stock keeping units (SKUs) and 115 million+ listings, and have processed a combined Gross Merchandise Value (GMV) of nearly US $2.71 billion via their platforms.
Anchanto’s highly stable platforms have been built to handle massive volumes for enterprise customers and hence played key roles in defining the company’s success. Approximately 13 million+ API calls are triggered from the SelluSeller platform every single day. During peak seasons, this increases up to around 27 million+ API calls per day.