Ecommerce, Investments, News

Singapore based ecom-solution provider Anchanto raises seed investment

Singapore & Pune based end-to-end ecommerce solutions provider Anchanto, has raised an undisclosed amount of funding, reports Seed funding which is speculated to be in six digits is pooled in by a group of angel investors which includes Chang Sau Sheong, Director of Cloud Computing at HP Labs and Akshay Mehra, principal at Innosight Consulting (ex-P&G). Funds will be deployed to boost up Sales and Marketing activities of the company.

Anchanto mainly focuses on helping fashion and lifestyle retail brands to sell online. It has developed its own cloud based commerce platform for iOS, and web called ‘FACO’ with a mobile first strategy. The company even handles backend, delivery, payment and order processing through its automated and customized features.

Platform includes features related to backend applications, payment processing, logistics, analysis, e-commerce engine, inventory, mobile apps etc. It also taps in the delivery chain for retailers through its ‘Fanatical Fulfillment’ feature which takes care of new purchase orders and returns. Based in Pune and Singapore, company is currently having active client base in Singapore and is eyeing the opportunity of mobile commerce in India with its market analysis.

Anchanto was founded in 2011 by Vaibhav Dabhade, Shafique Muhammad , Shivanand Kokate and Abhimanyu Kashikar all hailing from India.

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