Anchanto Receives Investments from transcosmos inc. and Luxasia Group to Help Expand its E-commerce Network in Southeast Asia

Investments from current partners and customers reinforce confidence in Anchanto’s platform and help propel its network of partners, sellers, and service providers

Singapore - Anchanto, a Singapore-based e-commerce logistics and selling platform, announced that Luxasia Group (Luxasia), Asia’s leading omnichannel retailer, and transcosmos inc. Japan (TCI), a TSE-listed global end-to-end e-commerce enabler, have made investments to be part of Anchanto’s growth story and offer overall partner services across its network. This partner round exemplifies the confidence that two of the largest players in the Asian e-commerce domain have in Anchanto’s current and future business plans.

“We are in the business of providing enterprise SaaS products to empower e-commerce logistics and online selling and take them to the next level. 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 Vaibhav Dabhade, CEO and Founder, Anchanto. “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,” he added.

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.

“Connecting global beauty brands to consumers in Asia is our priority. This partnership with Anchanto will help us expand Luxasia’s services even faster, becoming the leading beauty omnichannel platform in Asia. Luxasia already has more than 3000 brick-and-mortar touchpoints across Asia. Adding local e-commerce marketplaces to this network will boost Luxasia’s capabilities to better serve customers in the burgeoning Asian luxury markets", said Dr. Wolfgang Baier, Group CEO, Luxasia.

“Many of our clients are seeing huge market potential for e-commerce of their products in ASEAN countries. In order to meet such clients’ needs, TCI has decided to invest in Anchanto to enforce our service capability in end-to-end e-commerce solutions in ASEAN. The strategic alliance with Anchanto brings tremendous business synergy and valuable integration of Anchanto e-commerce platform,” said Okuda Masataka, President and COO, transcosmos inc.

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 buy-in from both partners is ample testimony of the trust and confidence they have in Anchanto and our aligned vision of the disruptive nature of our products for the e-commerce industry at large. 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 Vaibhav Dabhade, Founder and CEO, Anchanto.

Southeast Asia is poised to become one of the world's fastest-growing regions for e-commerce revenues, exceeding US$25 billion by 2020. While significant challenges persist, Frost & Sullivan remains optimistic about the growth potential of e-commerce in Southeast Asia.Total revenues from business-to-consumer (B2C) e-commerce in the six largest Southeast Asian countries, namely Indonesia, Malaysia, The Philippines, Singapore, Thailand and Vietnam, will increase at a CAGR of 17.7%. (Reference: Analysis of the South-East Asian e-commerce Market: Research from Frost & Sullivan’ Telecommunications and Digital Services Growth Partnership Program, 2016)