Merchants doing business via different ecommerce and other platforms online often face the problem of cross-border fulfillment and logistics. Malaysia's Allsome seeks to address that concern.
Established in 2018 by Yi Ying Ng and YiShu Liu, AllSome offers online sellers with various services, such as overseas quality assurance, access to global suppliers, delivery, parcel tracking, and secured storage.
AllSome came to life when Ng and Liu met in China. The two discussed ways on how to provide online merchants with seamless solutions especially when dealing with cross-border deliveries, logistics, and other services that online sellers find expensive.
As former online seller themselves, the founders said they understand that cross-border fulfillment services are expensive. With AllSome Fulfillment, the founders said every online seller will have an affordable option to fulfill orders everywhere they need.
“AllSome Fulfillment has made significant efforts in building up a wide fulfillment network to service online sellers throughout their supply chain,” AllSome Fulfillment co-founder Ng said in a statement.
The startup, which graduated from the Y Combinator accelerator's Winter 2019 class, immediately attracted the interest of investors, including Y Combinator itself.
In a statement Thursday, AllSome announced that it has raised $1.94 million in seed funding anchored by East Ventures, an early-stage venture capital investor that focuses on Southeast Asia and Japan.
Notably, Derianto Kusuma, co-founder and former chief technology officer of Traveloka, and SOSV also participated in the funding round.
AllSome said the fresh funding will be utilised to support the company’s further expansion into other markets within Southeast Asia, including Indonesia where the lead investor is based.
While still at its infancy, AllSome has already established at least 250 warehouses in Malaysia and China, serving online merchants across the Southeast Asia region. On a daily basis, the Malaysian startup handles at least 120,000 parcel deliveries.
The Malaysian startup has so far raised $2.1 million in funding, according to publicly available data.