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New Deal


Announced

DST Global partners and Sequoia Capital India led a $63m Series B funding round in Shipper.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Third Party Logistics (3PL)

logistics platform

Acquisition

Minority

Private Equity

Friendly

Venture Capital

Private

Completed

Cross Border

Indonesia

Synopsis

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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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