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Singapore software supplier Anchanto attracts investors

Omnichannel retailer Luxasia Group and e-commerce enabler Transcosmos Japan (TCI) have invested in Singapore-based Anchanto, which provides products for e-commerce logistics and online selling.

“We help brands and sellers metamorphose from traditional into e-commerce players,” says Anchanto CEO/founder Vaibhav Dabhade.

Both Luxasia and TCI use software provided by Anchanto. TCI was also a first-round investor in Anchanto’s series-B funding in November 2015.

While no details have been announced, Dabhade says the new investments will help Anchanto with its plans to rapidly expand across Asia Pacific.

“Connecting global beauty brands to consumers in Asia is our priority,” says Luxasia group CEO Dr Wolfgang Baier, (who is the former head of SingPost). “This partnership with Anchanto will help us expand even faster.”

Luxasia already has more than 3000 brick-and-mortar touchpoints across Asia, and Baier says that adding local e-commerce marketplaces to this network will boost the company’s ability to better serve customers in the burgeoning Asian luxury market.

TCL president/COO Okuda Masataka says the further investment in Anchanto will strengthen his company’s capability to provide end-to-end e-commerce software in ASEAN countries.

Dabhade says Anchanto aims to reinforce its business in India, Malaysia, Thailand, the Philippines and Vietnam.

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