- Companies
- Shipper
Shipper Funding, Investors & Competitors
Shipper has raised $132M across 5 funding rounds, most recently a $44M Series C in April 2022.
Last Shipper funding round
$44M
Series C · Apr 2022
Cumulative funding Shipper raised
$132M
across 5 funding rounds
Key investors in Shipper
Y Combinator
Lightspeed Venture Partners
AC Ventures
Insignia Ventures Partners
Floodgate
Peak XV Partners
Bossa Invest
Partech
About Shipper
Shipper is an Indonesian logistics platform providing on-demand, last-mile delivery by connecting businesses with a network of drivers. Founded around 2019, the company expanded beyond core shipping aggregation through acquisitions of fulfillment provider Pakde and first-mile logistics firm Porter, adding warehousing and inventory management to give e-commerce sellers an end-to-end logistics offering across Southeast Asia.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Shipper Funding History
Shipper has raised a total of $132M across 5 funding rounds.
Shipper's first fundraising round was a $200K pre-seed round in March 2019. The most recent completed round was a $44M Series C in April 2022.
Shipper funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2022 | Series C | Endeavor Catalyst; Gold House; Bossa Invest | $44M | Shipper is an Indonesian logistics platform providing on-demand delivery services, connecting businesses with a network of drivers for last-mile fulfillment. Shipper has 15-17 investors overall and focuses on the Southeast Asian market. The company has raised funding across multiple rounds totaling approximately $131.9M to $138.4M, with key investors including Y Combinator, DST Global, Peak XV Partners (formerly Sequoia India), Endeavor Catalyst, and Gold House. |
| Apr 2021 | Series B | DST Global (lead); Peak XV Partners (lead); Y Combinator; Alter Global; Lightspeed Venture Partners; AC Ventures; Floodgate; Insignia Ventures Partners; Prosus Ventures | $63M | Shipper is a logistics platform founded around 2019 that provides digital infrastructure for supply chain management. The company raised a Series B round of $63 million in April 2021 led by DST Global and Peak XV Partners, with participation from AC Ventures, Alter Global, Floodgate, Insignia Ventures Partners, Lightspeed Venture Partners, Prosus Ventures, and Y Combinator. This round was intended to invest further in technology and expand the logistics network. Prior to this, Shipper raised $150,000 in a pre-seed round in March 2019 from Y Combinator, bringing total disclosed funding to approximately $131.9 million by the Series B close. However, the post-money valuation for the Series B round has not been publicly disclosed. Similarly, revenue, ARR, and EBITDA figures near the April 2021 round date are not available in public sources. The company faced challenges including intense competition from other logistics providers and the complexities of managing an expanding logistics network while maintaining service quality. |
| May 2020 | Series A | Naspers (lead); Lightspeed Venture Partners; AC Ventures; Convergence Ventures; Insignia Ventures Partners | $20M | - |
| Sep 2019 | Seed | Y Combinator; Partech; Lightspeed Venture Partners; AC Ventures; Floodgate; Insignia Ventures Partners; Indogen Capital | $5M | - |
| Mar 2019 | Pre-seed | Y Combinator (lead) | $200K | - |
Who has invested in Shipper?
16 investors have backed Shipper across its funding rounds, including Y Combinator, Lightspeed Venture Partners, AC Ventures, Insignia Ventures Partners, Floodgate and Peak XV Partners.
Lead investors include DST Global, Peak XV Partners, Naspers and Y Combinator.
Shipper Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2019 | ||
| 3 | Participant | Sep 2019 | ||
| 3 | Participant | Sep 2019 | ||
| 3 | Participant | Sep 2019 | ||
| 2 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Lead | May 2020 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Lead | Apr 2021 | ||
This data is available for Pro users. Sign up to see all 16 Shipper investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Shipper
Shipper has acquired 2 companies to date.
Last acquisition by Shipper was on September 30th 2020. Shipper acquired PORTER for undisclosed valuation.
Latest Acquisitions by Shipper
| Description | PORTER is a Jakarta-based tech logistics provider offering warehousing, fulfillment, last-mile delivery, and supply chain dashboards across 70 cities and 300 districts in Indonesia. Since 2015, it has served thousands of businesses from SMEs to enterprises by streamlining operations with real-time stock monitoring, delivery scheduling, and returns management. The platform enhances visibility into intra-city and regional freight for e-commerce and retail sectors. | Pakdé is a Jakarta-based fulfillment platform in Indonesia that manages end-to-end e-commerce operations including warehousing, packing, shipping, inventory tracking, and quality control. The service enables online sellers to scale without handling logistics, allowing focus on marketing and product innovation. Pakdé supports small to medium enterprises across the archipelago with integrated systems connected to major carriers like JNE and SiCepat. |
| HQ Country | ||
| HQ City | Jakarta | Jakarta |
| Deal Date | 30 Sep 2020 | 30 Sep 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Shipper acquisitions and their M&A valuation multiples. Start Free Trial | ||
Shipper Competitors
Shipper competitors include listed companies like Descartes Systems Group, Manhattan Associates and GigaCloud Technology, and private ones like ElasticRun, Bringg and YH Global.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $729M | $305M | $6.8B | 8.1x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.1B | $288M | $12B | 10.6x | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x |
Shipper Public Comps
Shipper is still privately-owned, but its public comps include Roper Technologies, Dassault Systemes, Manhattan Associates, Full Truck Alliance, WiseTech Global, Zhuzhou CRRC Times, Descartes Systems Group, WEX, Ingram Micro and ServiceTitan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $1.9B | $676M | 2.8x | 2.8x | 7.6x | 6.9x | |||
| $779M | $315M | 12.3x | 6.8x | 30.5x | 14.4x | |||
| $4.3B | $710M | 1.9x | 1.8x | 11.2x | 8.5x | |||
| $729M | $305M | 8.8x | 8.1x | 21.1x | 17.7x | |||
| $2.7B | $992M | 2.2x | 2.1x | 6.0x | 4.8x | |||
This data is available for Pro users. Sign up to see all Shipper competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Shipper
| When was Shipper founded? | Shipper was founded in 2017. |
| Where is Shipper headquartered? | Shipper is headquartered in Indonesia. |
| Is Shipper publicly listed? | No, Shipper is a private, VC-backed company. |
| How much funding has Shipper raised? | Shipper has raised $132M across 5 funding rounds. |
| What was Shipper's last funding round? | Shipper's last funding round was a $44M Series C in April 2022. |
| Who are Shipper's investors? | Shipper's investors include Y Combinator, Lightspeed Venture Partners, AC Ventures, Insignia Ventures Partners, Floodgate, Partech, Alter Global, Naspers, Endeavor Catalyst, Convergence Ventures and 6 others. |
| Which companies are comparable to Shipper? | Companies comparable to Shipper include Descartes Systems Group, ElasticRun, Bringg, YH Global, Manhattan Associates and GigaCloud Technology. |
| How many companies has Shipper acquired? | Shipper has acquired 2 companies, including PORTER and Pakde. |
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