New investment for Anchanto
Singapore-based e-commerce logistics and selling platform Anchanto has received investment from omnichannel retailer Luxasia (which is led by Dr. Wolfgang Baier, the former CEO of Singapore Post) and the e-commerce enabler transcosmos inc. Japan (TCI). “We are in the business of providing enterprise SaaS products to empower e-commerce logistics and online selling and take them to the next level. We help brands and sellers to sell across channels and metamorphose traditional into e-commerce logistics players. Luxasia, led by Dr. Wolfgang Baier, understands the importance of building and operating these new-age enabling platforms,” said Vaibhav Dabhade, CEO and Founder, Anchanto.
“TCI has built a strong end-to-end Asian e-commerce offering over the last five years in the region by providing e-commerce market entry gateway services. Both companies, Luxasia and TCI are Anchanto software users and I am indeed elated to receive investment from them.”
This investment represents a significant show of confidence from Anchanto’s key stakeholder groups: Luxasia is a current customer of Anchanto and TCI is an existing investor. TCI made its first round of investment in Anchanto’s Series-B funding in November 2015.
Luxasia’s Group CEO Dr. Wolfgang Baier, commented: “Connecting global beauty brands to consumers in Asia is our priority. This partnership with Anchanto will help us expand Luxasia’s services even faster, becoming the leading beauty omnichannel platform in Asia. Luxasia already has more than 3000 brick-and-mortar touchpoints across Asia. Adding local e-commerce marketplaces to this network will boost Luxasia’s capabilities to better serve customers in the burgeoning Asian luxury markets.”
Anchanto said that the investment will help reinforce its operations in India, Malaysia, Thailand, The Philippines and Vietnam.
“This investment is crucial in our ambition to reinforce our leadership in markets we are presently in and also venture in other countries by growing our team and further develop our products’ capabilities,” added Vaibhav Dabhade, Founder and CEO, Anchanto.
