Announced
Financials
Tags
Third Party Logistics (3PL)
logistics platform
Acquisition
Minority
Private Equity
Friendly
Venture Capital
Private
Completed
Cross Border
Indonesia
Synopsis
Private equity firms DST Global partners and Sequoia Capital India led a $63m Series B funding round in Shipper, an Indonesia-based digital logistics provider. Additional investors include Prosus Ventures, Floodgate, Lightspeed, Insignia Ventures, AC Ventures and Y Combinator. "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," Budi Handoko, Shipper Co-Founder & COO.
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