Fetchr Raises $41 Million

Ecommerce startup Fetchr just closed $41 million in Series B financing. Three investors contributed to the round, including New Enterprise Associates and Swisscom.

The Dubai-based company helps local merchants and global brands build, launch and grow ecommerce businesses with an easy-to-use proprietary shipping and logistics solution. The company solves the problem of no physical addresses in emerging markets: Using an app and a simple tap, users can pinpoint their exact location, allowing merchants to deliver packages to them faster and more efficiently.