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

Shipper Overview

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

IndonesiaIndonesia

Website

shipper.id

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

Shipper funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2022Series CEndeavor Catalyst; Gold House; Bossa Invest$44MShipper 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 2021Series BDST Global (lead); Peak XV Partners (lead); Y Combinator; Alter Global; Lightspeed Venture Partners; AC Ventures; Floodgate; Insignia Ventures Partners; Prosus Ventures$63MShipper 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 2020Series ANaspers (lead); Lightspeed Venture Partners; AC Ventures; Convergence Ventures; Insignia Ventures Partners$20M-
Sep 2019SeedY Combinator; Partech; Lightspeed Venture Partners; AC Ventures; Floodgate; Insignia Ventures Partners; Indogen Capital$5M-
Mar 2019Pre-seedY 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

Investors in Shipper by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA3LeadMar 2019
Lightspeed Venture PartnersUnited StatesSan Francisco, CA3ParticipantSep 2019
AC VenturesIndonesiaIndonesia3ParticipantSep 2019
Insignia Ventures PartnersSingaporeSingapore3ParticipantSep 2019
FloodgateUnited StatesSan Francisco, CA2ParticipantSep 2019
PartechFranceParis1ParticipantSep 2019
Alter GlobalUnited StatesSan Francisco, CA1ParticipantApr 2021
NaspersSouth AfricaCape Town1LeadMay 2020
Endeavor CatalystUnited StatesNew York City, NY1ParticipantApr 2022
Convergence VenturesIndonesiaJakarta1ParticipantMay 2020
Gold HouseUnited StatesLos Angeles, CA1ParticipantApr 2022
Prosus VenturesNetherlandsAmsterdam1ParticipantApr 2021
DST GlobalCayman IslandsGeorge Town1LeadApr 2021

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Acquisitions 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

PORTER
Pakde
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 CountryIndonesiaIndonesia
HQ City
Jakarta
Jakarta
Deal Date30 Sep 202030 Sep 2020
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Shipper
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Descartes Systems GroupCanadaCanadaPublicly listed$729M$305M$6.8B8.1x
ElasticRunIndiaPunePrivate--$1.5B-
BringgIsraelIsraelPrivate--$1B-
YH GlobalChinaShenzhenPrivate--$1B-
Manhattan AssociatesUnited StatesUnited StatesPublicly listed$1.1B$288M$12B10.6x
GigaCloud TechnologyUnited StatesUnited StatesPublicly listed$1.3B$158M$1.9B1.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Manhattan Associates$1.1B$288M11.2x10.6x42.2x29.7x
Full Truck Alliance$1.9B$676M2.8x2.8x7.6x6.9x
WiseTech Global$779M$315M12.3x6.8x30.5x14.4x
Zhuzhou CRRC Times$4.3B$710M1.9x1.8x11.2x8.5x
Descartes Systems Group$729M$305M8.8x8.1x21.1x17.7x
WEX$2.7B$992M2.2x2.1x6.0x4.8x

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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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