ShopRunBack, a Cambodian-French logistics startup that provides returns solutions for a broad range of industries and sectors, has recently raised US$900,000 in a pre-Series A funding round. Leading the financing round was OBOR Capital, a Phnom Penh-based project management and venture capital firm. The reverse logistics startup’s pre-Series A funding round also saw the participation of other investors such as Negocia Ventures, a venture builder company with several investments in Cambodia that is aiming to become Cambodia’s next generation conglomerate.
Sophie Meas, who is the founder of the logistics startup ShopRunBack, said that the company is delighted with the faith and trust placed on them by Negocia Ventures and OBOR Capital in their pre-Series A funding round, which demonstrates the investors’ belief in their capability to become one of the region’s leading players in the logistics space. Commenting on the financing round further, Sophie elaborated that the close of the reverse logistics startup’s pre-Series A funding round represents not just a strategically signed agreement between the involved parties, but also a crucial milestone in the company’s expansion and development. This is because the successful funding round signifies ShopRunBack’s entry into the vast and lucrative Chinese market. Additionally, the fundraising showed that the reverse logistics startup has firmly established its presence in the country of Cambodia after the opening of its Phnom Penh office. The founder of ShopRunBack stated that the company will aim to maintain its presence in the country and continue to develop Cambodia’s promising e-commerce and retail sectors by contributing their knowledge and expertise.
According to Christophe Forsinetti, founder and chairman of OBOR Capital, the venture capital firm’s investment in ShopRunBack is a reflection of the company’s faith and trust in the swift progress of Cambodia’s growing e-commerce sector, as well as the potential of the region of Southeast Asia, over the forthcoming year. The firm believes that in order to sustain the growth and development of e-commerce in the region, a strong and vigorous logistics infrastructure is required. Christophe went on to say that the reverse logistics startup ShopRunBack has demonstrated its capability to run effective and successful cross-border logistics in European countries, which in addition to its strategically formed regional partnerships, has placed itself in prime position to become one of the region’s foremost logistics firms.
The reverse logistics startup was established in 2014 with the vision of providing innovative and transformational returns solutions for merchants and customers through the integration of an advanced plug and play software and a robust international logistics network. It claims to offer a variety of returns solutions across multiple industries and sectors, such as an end-to-end returns management solution for the fashion industry, an outdoor products returns solution for industries specializing in outdoors products, a home and furnishing returns solution service for the furnishing sector that usually handles bulky and heavy items, and a high tech returns solution for high tech products that usually require more complicated quality checking operations.
Moving forward, the reverse logistics startup ShopRunBack will leverage on its newly forged strategic agreement to expand into new markets and use its expertise and know-how to continue developing Cambodia’s e-commerce and retail space as it seeks to become a leading logistics player in the region.