Anchanto, a Singapore headquartered pan-Asia SaaS technology company has raised US$4 million in the first round of its ongoing Series C investment, led by MDI Ventures, Telkom Indonesia’s corporate venture capital arm.

MDI Ventures’ funding comes after Series B funding from Transcosmos Inc Japan and Luxasia Group, Singapore in May 2017. The proceeds of the fund will be used to expand the market outreach and to build a stronger regional Southeast Asia presence.

Anchanto CEO and Founder Vaibhav Dabhade in a press release on Tuesday (July 3) said “Collaboration with Telkom Indonesia and MDI’s investment is the foundation of Anchanto’s Indonesia Strategy. Through this collaboration, we aim to enable thousands of Indonesian SMEs, Micro-SMEs, and Enterprise businesses to join the eCommerce bandwagon, and seamlessly onboard them on Telkom Indonesia’s DELON (www.delon.id), for eCommerce fulfillment/warehousing and other digital services. Essentially, we are going to empower Indonesian entrepreneurs to scale their businesses in Southeast Asia’s biggest eCommerce market.”

Natal Iman Ginting, Managing Director of Metra Logistics, Telkom Indonesia’s Logistics Business Division, says that the exclusive partnership with Anchanto would expand the businesses including cross-border to empower Indonesia’s SMEs into the region.