Logistics-as-a-service startup raises money to deliver across Asia

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May 05, 2014

Logistics is a living nightmare for many companies going into ecommerce. They need to deal with warehousing, delivery, and fulfillment, which are areas of expertise most merchants aren’t equipped to handle.

Anchanto, a Singapore-based startup, wants to take away the sting of running an online retailer. It does this by offering companies a platform to outsource their logistics for a fee. Its model is similar to Fulfillment by Amazon.

It has raised a Series A round to expand throughout Asia, which follows two bridging rounds and a seed investment.

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