Anchanto raised undisclosed amount of funding


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Friday, May 12, 2017

Anchanto raised undisclosed amount of funding

Anchanto an ecommerce fulfilment platform that helps brick-and-mortar brands go online has raised undisclosed amount of funding from Luxasia Group.

The company will use the funds to scale up its operations in the Asia Pacific region including India, Malaysia, Thailand, and Vietnam and to capture more brick and mortar customers and bring them online.

Founder and CEO of Anchanto said, This investment is crucial in our ambition to reinforce our leadership in markets we are presently in and also venture in other countries by growing our team and further develop our products’ capabilities.

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The company offers software-as-a-service (SaaS)-based solutions for e-commerce warehouse management, multiple marketplace store management platforms, a cross-border shipping network and a global fulfilment network. The company has two revenue models: a pay-as-you-go DIY (do it yourself) model and an enterprise one for its SaaS products.

The company was founded in 2011 and has offices in India and Austrilia also.

Anchanto operates in more than 11 countries across the world with over 150 companies and 500 clients as customers, including 3M, PayTM, DKSH, Luxasia, Essilor, La Roche-Posay and ASOS. It has helped its customers go online and integrate with marketplaces such as Lazada, Zalora and Flipkart, Amazon and eBay.

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