B2B Company Receives S$16.6 Million Investment

Anchanto, a Singapore-based B2B software-as-a-service (SaaS) company specializing in ecommerce technology, recently announced that it received new investment totaling S$16.6 million as part of its expansion road map.

Taking part in the funding round were Asendia, a joint-venture of the French National Post La Poste and state-run Swiss Post, and MDI Ventures, the corporate venture arm of Indonesian telco firm Telkom Indonesia. 

Vaibhav Dabhade, CEO and founder of Anchanto, said the company will use the funds to strengthen its research and development portfolio to launch two new products, build a data platform and expand to three more markets. Furthermore, he said Anchanto will also invest in hiring skilled talents to enhance and accelerate the launch of its new products into markets—especially with the demand for SaaS solutions on the rise. Read more…..


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