Anchanto aims to break even by Q4 ’25 as cash declines in FY24

Singapore-based, ecommerce-focused SaaS firm Anchanto’s 2024 numbers improved slightly, even as short-term liquidity concerns continue to shadow the business.

For the financial year ended December 31, 2024, the company recorded a 14% year-on-year increase in revenue while its net losses narrowed by about 8%. However, its cash and cash equivalents stood at US$2.5 million.

The company, whose software-as-a-service (SaaS) offerings help brands, retailers, and logistics providers manage end-to-end ecommerce operations, had also spent US$2.4 million in cash for operating activities. Assuming its expense and revenue patterns remained consistent, this means Anchanto had roughly 12 to 13 months of runway going into 2025.

Co-founder and CEO Vaibhav Dabhade tells Tech in Asia that Anchanto has “sufficient cash to reach breakeven, thanks to [its] frugal financial discipline.”

He adds that Anchanto is “actively exploring a strategic fundraising round to support global expansion.” It received an “initial proposal” this year but “opted to wait for more aligned terms.”

The company last raised capital in 2020, securing US$8 million across two rounds, according to Tech in Asia’s funding database. Anchanto currently serves more than 330 clients across 12 countries in Asia Pacific, the Middle East, and Europe.

Under pressure?

While Anchanto began as a traditional ecommerce enabler, the company sold its logistics unit in 2019. Today, 100% of its revenue comes from its SaaS business, with features like order management, order orchestration, omnichannel ecommerce, logistics fulfillment, and parcel tracking.

New enterprise customers have become the company’s primary source of fresh revenue, Dabhade says. Among its clients are Procter & Gamble, Unilever, and L’Oreal, along with logistics companies.

“Our recurring revenue remains strong, with low customer churn and healthy new signings from the 12 countries where we operate,” he adds.

See also: SEA logistics sees M&A, greentech action amid funding lull

According to the CEO, 2025 revenue is currently growing at around 15% year on year, which aligns with internal targets. The firm also maintained flat operational costs, increasing around 6% year on year in 2024.

“In 2024, we improved EBITDA by 10%, and we are on track for a 75% improvement in 2025 to reach breakeven by Q4,” Dabhade explains, adding that losses have been shrinking quarter by quarter.

As such, he notes that Anchanto remains on track to achieve full-year profitability by 2026 – a target that it first set in 2024.

No layoffs in sight