Singapore-headquartered e-commerce fulfillment company Anchanto said it has signed a Memorandum of Understanding (MoU) with Pos Logistik Indonesia to bring its technology, expertise and regional network to the fast-growing Indonesian market.
Indonesia is the largest e-commerce market in South-East Asia, and growing rapidly as local consumers shift to online purchasing, Anchanto said in a statement.
However, one barrier is that logistics providers continue to use processes built for B2B (business-to-business), and not purpose-built technology. This results in a lack of end-to-end visibility of orders, errors and delays in deliveries, and higher costs, the company argued.
Anchanto was founded in June 2011, and last November landed an undisclosed Series B round from Japan’s Transcosmos Inc.
The MoU between Anchanto and Pos Logistik Indonesia, a subsidiary of PT Post Indonesia, will bring Anchanto’s e-commerce-focused technology to Indonesia, it added.
This will offer both local and cross-border companies fulfillment services that are developed from the ground-up.
“This MoU allows us to build the biggest e-commerce fulfillment and logistics offering for the Indonesian market,” said Anchanto cofounder and chief executive officer Vaibhav Dabhade.
“Our mission is to let e-commerce companies, sellers and brands focus on what they do best, while we take care of providing world-class fulfillment technology and infrastructure with 3PL (third-party logistics) partners in the region to them at scale, on demand,” he added.
Once implemented by March, Anchanto and Pos Logistik Indonesia will carve out a dedicated e-commerce team to offer a complete suite of services.
This will include real-time order visibility, picking and packing, channel sales management, persistent inventory listing across local and regional marketplaces, and customer support.
“We have a robust plan to capture e-commerce logistics and cross-border e-commerce market share for the Indonesian market by helping SMEs (small and medium enterprises), local businesses and brands,” said Pos Logistik Indonesia director Hariyanto.