Malaysia’s AllSome Fulfillment secures $1.94m led by East Ventures

AllSome Fulfillment, a startup focused on cross-border e-commerce fulfilment, announced on Thursday that it has secured $1.94 million in seed funding led by East Ventures.

AllSome provides services including sourcing from international suppliers, offshore quality assurance, secured storage, pick & pack, door-to-door delivery and parcel tracking. It also helps end-users track their deliveries from multiple websites in one place.

The fresh funding will support the company’s expansion to other countries across Southeast Asia, including Indonesia, according to a statement.

According to data by global consulting firm Accenture, cross-border B2C e-commerce market in the Asia Pacific has the potential to reach more than $476 million by 2020, covering 31 per cent of the total B2C e-commerce market.

AllSome Fulfillment, which was established in 2018 by Malaysian Ng Yi Ying and Chinese national Liu Yi Shu, started out as an online seller.

“As a former online seller ourselves, we understand how fulfillment services are always expensive. AllSome Fulfillment is built essentially to make it affordable for every seller to use e-commerce fulfillment 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 and CTO Ng Yi Ying said in a statement.

AllSome said it expects to reduce cross-border fulfilment and logistics cost by at least 40 per cent in an effort to help online sellers book more profit.

The startup has established a network of 250 virtual warehouses in China and Malaysia, serving 50 clients across Southeast Asia. The company handles 120,000 parcels deliveries on a daily basis.

East Ventures is one of the most active VCs in Indonesia, with portfolio companies such as Ruangguru, Fore Coffee, Warung Pintar, IDN Media, Shopback, and many more.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.