Anchanto receives investments; to expand its e-commerce network in Southeast Asia

E-Commerce logistics and selling platform Anchanto has announced receiving of investments from Luxasia Group (Luxasia), Asia's leading omnichannel retailer, and transcosmos inc. Japan (TCI), a TSE-listed global end-to-end e-commerce enabler.

"We help brands and sellers to sell across channels and metamorphose traditional into e-commerce logistics players. Luxasia, led by Dr. Wolfgang Baier, understands the importance of building and operating these new-age enabling platforms," said CEO and founder Anchanto, Vaibhav Dabhade.

"TCI has built a strong end-to-end Asian e-commerce offering over the last five years in the region by providing e-commerce market entry gateway services. Both companies, Luxasia and TCI are Anchanto software users and I am indeed elated to receive investment from them," added Dabhade.

This partner round of investments is a shot in the arm for Anchanto primarily because of its source. Luxasia is a current customer of Anchanto and TCI is their existing investor. TCI made their first round of investment in Anchanto's Series-B funding in November 2015.

Hence, these investments from two current business associations robustly cements Anchanto's leadership in e-commerce selling and logistics, and gives wings to their ambitious plans of rapidly expanding across Asia Pacific.

"Adding local e-commerce marketplaces to this network will boost Luxasia's capabilities to better serve customers in the burgeoning Asian luxury markets," said Group CEO Luxasia, Dr. Wolfgang Baier.

With this financial and confidence investment from its customers and partners, Anchanto is set to further its leadership in ASEAN countries. This will also help Anchanto in reinforcing its operations in India, Malaysia, Thailand, The Philippines and Vietnam, where it plans to realise retailers' dreams of taking their business from brick-and-mortar to the online world of e-commerce. Anchanto will also help traditional logistics players transform their businesses and start catering to online sellers.

"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," said founder and CEO Anchanto, Vaibhav Dabhade. (ANI)