15
April
2021
|
09:00
Europe/Amsterdam

Shipper raises $63 million in funding round with participation from Prosus Ventures

Jakarta, Indonesia, 15 April 2021 – Indonesia-based digital logistics provider Shipper has closed a USD 63 million Series B financing led by DST Global partners and Sequoia Capital India with prior investors' participation, including Prosus Ventures, Floodgate, Lightspeed, Insignia Ventures, AC Ventures and Y Combinator. The Series B financing comes less than a year after Shipper secured its Series A financing in June 2020 and will enable Shipper to further invest in its technology and significantly expand its logistics network.

Shipper launched in 2017 to democratise best-in-class logistics across Indonesia, especially for micro, small, and medium-sized enterprises. Today, Shipper provides fulfilment and delivery services through its digitally managed network of fulfilment centres, delivery partners, and retail points to thousands of e-commerce businesses that fulfil millions of items each month. Last year, Shipper’s customers saw a surge in online volume accelerated by Covid-19, and the company helped its customers to maintain strong fulfilment and delivery streams.

Budi Handoko, Shipper’s co-founder & COO, said: "We started Shipper four years ago as a result of our personal pain points in packing and delivering packages as online sellers. Building Shipper, we have always approached the problem from the angle of a micro, small and medium-sized business because that is who we are. We are excited to play our role in further empowering this segment and strengthening the nation’s logistics ecosystem."

Phil Opamuratawongse, Shipper’s co-founder & CEO, said: “Our mission at Shipper to democratize logistics has been consistent from day one, and we have seen an acceleration in new customers wanting to partner with us. This additional investment will allow us to continue investing in our technology and operational excellence while expanding our network. We are proud of what our customers are accomplishing with us, and we are excited to continue making our customers and logistics partners successful.”

As Shipper looks forward to its next phase of growth, it looks to grow its team further with passionate and talented people looking to be at the forefront of digitising Indonesia’s logistics sector.

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About Prosus:

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, food delivery, payments and fintech, and education technology sectors in markets including India, Russia, and Brazil. Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve people’s everyday lives.

Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built, including Avito, Brainly, BYJU'S, Bykea, Codecademy, DappRadar, DeHaat, dott, ElasticRun, eMAG, Eruditus, Honor, iFood, Klar, LazyPay, letgo, Meesho, Movile, OLX, PayU, Quick Ride, Red Dot Payment, Remitly, Republic, Shipper, SimilarWeb, Skillsoft, SoloLearn, Swiggy and Udemy.

Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent, Mail.ru, Trip.com Group Limited, and DeliveryHero.

Today, Prosus companies and associates help improve the lives of around a fifth of the world's population.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com.

About Shipper:

Shipper is one of the fastest-growing technology companies in Indonesia, providing end-to-end digital supply chain solutions for businesses of all sizes. From its inception in 2017, Shipper has operated with the guiding principle of enabling small and medium-sized businesses to do more of what they love and leave the stress of managing fulfilment and logistics to Shipper. Shipper digitally manages a nationwide network of fulfilment centres, delivery partners, and retail points. In pursuant to the company’s mission to enable local small and medium-sized businesses, Shipper strives to support the Indonesian government’s efforts to develop an efficient National Logistics Ecosystem.

For more information about Shipper services, visit the website www.shipper.id.