Shipper receives commitments for $65m, said to be in market to raise $100m

Indonesian tech-enabled logistics services provider Shipper has received fresh commitments worth around $65 million in an ongoing fundraising round, as it attempts to raise a total of $100 million to fuel expansion, DealStreetAsia has learnt.

The latest commitments have largely come from existing investors Sequoia Capital India, DST Partners, Prosus Ventures, Lightspeed, Insignia Ventures, and AC Ventures, among others, a source aware of the development said.

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