Total amount raised
$131.9 Millions
Latest funding date
Location
Shipper has successfully raised funds through multiple rounds, with the latest being a Series C round. The company has garnered support from 16 investors, including Endeavor Catalyst and Bossa Invest.
Keep reading to explore the intricacies of Shipper's fundraising journey and the investors backing this innovative logistics platform.
What Is Shipper?
Shipper, founded in 2017, is a logistics platform based in Jakarta, Indonesia. The company was established by Budi Handoko, Nalendra Perkasa, and Phil Opamuratawongse.
Operating in the delivery, internet, logistics, and supply chain management industries, Shipper employs between 251 and 500 people. The company offers a range of services, including package pick-up, fulfillment centers, shipment management, and a multi-carrier API for order management and tracking.
Shipper aims to streamline logistics operations for businesses, providing efficient and cost-effective solutions for shipping and fulfillment needs. With over 300 warehouses and more than 4,000 businesses relying on their services, Shipper has a significant presence in Indonesia.
How Much Funding Has Shipper Raised?
- Pre-Seed Round
- Amount Raised: $150K
- Date: March 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial logistics platform.
- Seed Round
- Amount Raised: $5M
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's logistics network and enhance its service offerings.
- Series A
- Amount Raised: $20M
- Date: May 2020
- Lead Investors: Naspers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in technology to improve logistics efficiency.
- Series B
- Amount Raised: $63M
- Date: April 2021
- Lead Investors: DST Global, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further invest in technology and expand the logistics network.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational needs without diluting equity.
- Series C
- Amount Raised: $43.7M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance service capabilities.
Total Amount Raised: $131.85M
Current Valuation: Not publicly disclosed
Key Investors
- DST Global
- Details: DST Global is a global investment firm that focuses on late-stage internet companies. It has a strong track record of backing some of the most successful tech companies worldwide.
- Investment Focus Areas: Late-stage internet companies.
- Notable Investments: Facebook, Twitter, Alibaba.
- Peak XV Partners
- Details: Peak XV Partners invests in early to growth-stage companies across various sectors. The firm is known for its strategic investments in high-growth markets.
- Investment Focus Areas: Early to growth-stage companies, various sectors.
- Notable Investments: Byju's, Swiggy, OYO Rooms.
- Naspers
- Details: Naspers is a global consumer internet group and one of the largest technology investors in the world. The company focuses on building leading companies in markets with long-term growth potential.
- Investment Focus Areas: Consumer internet companies, online classifieds, food delivery, fintech.
- Notable Investments: Tencent, Delivery Hero, OLX.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections to early-stage startups. It has been instrumental in the success of numerous high-profile tech companies.
- Investment Focus Areas: Early-stage startups, various industries.
- Notable Investments: Airbnb, Dropbox, Stripe.
- Sequoia Capital India
- Details: Sequoia Capital India is a venture capital firm that invests in early and growth-stage companies in India and Southeast Asia. The firm is known for its deep expertise and extensive network in the region.
- Investment Focus Areas: Early and growth-stage companies, India, Southeast Asia.
- Notable Investments: Byju's, Zomato, OYO.
What's Next for Shipper?
Shipper's future looks promising as it continues to invest in technology and expand its logistics network. With a significant opportunity to serve more micro, small, and medium-sized enterprises across Indonesia, the company is well-positioned to capitalize on the growing e-commerce market. The recent $63 million Series B funding will enable Shipper to enhance its service efficiency and reach.
As Shipper scales its operations, future fundraising rounds are likely, providing the necessary capital to support its ambitious growth plans. However, the company will need to navigate challenges such as maintaining service quality and facing competition from other logistics providers. By staying ahead of industry trends and continuously improving its technology, Shipper can overcome these hurdles and solidify its position in the market.
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