E-commerce fulfilment company Shippit has inked three new delivery partner deals with logistics giants FedEx, Janio and Qexpress as the company ramps up its operations in Southeast Asia.
The deals follow Shippit's $30 million Series B fundraise in December 2020 which added fuel to the company's pandemic-induced surge of growth.
Shippit's new partnership with Janio will allow the Australian company to open up its delivery lanes with special rates in Southeast Asia, China and the US, enabling merchants access to more countries than before.
Meanwhile, the partnership with Qxpress will help Shippit improve reliability and flexibility by offering new delivery options such as "same-day delivery" in Singapore, so parcels can reach end customers quickly.
"Shippit wants to be the platform of choice for growing, scaling and enterprise merchants across the region to support fulfilment and enable more last-mile choices," Shippit Southeast Asian business development lead Mark Lancaster said.
"It's critical that we continue investing in carrier integrations, product enhancements that benefit our merchants to capitalise on this growth in the region.
"These recent carrier deals expand our network capability providing more domestic and international services to our growing merchant base."
With an estimated 40 million new users in Southeast Asia coming online because of the pandemic, e-commerce spend has surged with the industry currently valued at US$62 billion (AUD$83 billion) and is expected to grow to US$172 billion (AUD$230 billion) by 2025.
To support the increasing number of merchants moving online, Shippit has also added new integrations with some of the largest e-commerce platforms such as WooCommerce and Magento to support a wider variety of merchants.
WooCommerce and Magento join existing partner Shopify, giving merchants a seamless integration with the Shippit platform.
"Southeast Asia presents a huge opportunity for Shippit; we think the region is set to become the world's largest e-Commerce market within the next five years," Shippit co-founder and co-CEO William On said.
"Since Shippit's launch in Southeast Asia in July 2020, we've seen our business grow quickly -and expect that it will continue to scale - which is why we are looking to improve our capabilities across the region and might consider expanding into other countries in the future."
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