Tag Archives: Trukita

Waresix Reportedly Secures Additional 718 Billion Rupiah in Series B Funding

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The logistics startup, Waresix, is ​​reportedly received additional series B funding. Several investors are participated, including Tiger Global, Temasek, and East Ventures. Based on the regulator’s data, the funding average has reached $50 million or the equivalent of 718.4 billion Rupiah.

This achievement boosted the company’s valuation to $420 million, bringing Waresix as one of the most valuable logistics technology platform providers in Indonesia. Previously the company has secured $100 million series B funding from a number of investors, including East Ventures, Jungle Ventures, SoftBank Ventures Asia, EMTEK, Pavilion Capital, and Redbadge Pacific. Within less than a year, MDI Ventures also joined the series B funding.

Waresix currently provides logistics technology for two main solutions, related to transportation and warehouse management. In terms of transportation, the company has developed a Transportation Management System platform, making it easier for businesses to manage delivery assignments, real time monitoring, driver administration, and reporting.

In terms of warehouse solutions, the company allows businesses to find warehouse services — and allow warehouse owners to efficiently sell the available space. By 2020, Waresix already acquired 30 thousand trucks connected to the platform and 300 warehouse operators in various cities.

There’s also business expansion, one of which is to enter first-mile and mid-mile logistics services that have not been accommodated. In 2020, Waresix acquired Trukita, which is known as a marketplace portal to help users find offers for freight and trucking services for delivery.

It is expected that through this corporate action, Waresix aims to accommodate all aspects of the supply chain through a technology approach, including truck management, warehousing, multi-modal transportation, and vendor management.

All services provided by Waresix are becoming relevant in Indonesia. The fact that this is an archipelagic country has resulted in the logistics cost, one of the highest in Asia, even contributing to a quarter of Indonesia’s gross domestic product which reaches $1 trillion.

Indonesia’s position in the 2018 Logistics Competitiveness Index released by the World Bank continues to arise. However, Indonesia’s ratio of logistics costs to GDP still reaches 24%, lagging behind Thailand and Malaysia. This creates a potential of $240 billion in the logistics sector in Indonesia. High logistics costs not only weaken the competitiveness of the industry, but also increase the cost of doing business for SMEs in Indonesia.

With a variety of unique solutions, many local startups are trying their luck in the logistics world. Some of their business models are well-validated and gain investor support, including:

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Original article is in Indonesian, translated by Kristin Siagian

Pendanaan Waresix 2022

Waresix Dikabarkan Mendapat Pendanaan Tambahan Seri B 718 Miliar Rupiah

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Startup logistik Waresix dikabarkan mendapatkan pendanaan tambahan untuk putaran seri B. Sejumlah investor yang tergabung di antaranya Tiger Global, Temasek, dan East Ventures. Menurut data yang sudah disetorkan ke regulator, kisaran dana yang didapatkan mencapai $50 juta atau setara 718,4 miliar Rupiah.

Capaian ini melambungkan valuasi perusahaan di angka $420 juta, memboyong Waresix sebagai salah satu penyedia platform teknologi logistik paling bernilai di Indonesia. Sebelumnya mereka membukukan pendanaan seri B senilai $100 juta dari sejumlah investor, termasuk East Ventures, Jungle Ventures, SoftBank Ventures Asia, EMTEK, Pavilion Capital, dan Redbadge Pacific. Berselang kurang dari satu tahun, MDI Ventures juga turut masuk ke pendanaan seri B tersebut.

Saat ini Waresix menyediakan teknologi logistik untuk dua solusi utama, yakni terkait manajemen transportasi dan warehouse. Di sektor transportasi, mereka mengembangkan platform Transportation Management System, memudahkan bisnis untuk mengelola penugasan pengantaran barang, pemantauan real time, administrasi pengemudi, hingga pelaporan.

Sementara untuk solusi warehouse, mereka memungkinkan bisnis untuk menemukan layanan gudang — dan memungkinkan pemilik gudang untuk menjual ruang yang mereka miliki secara efisien. Di tahun 2020, Waresix telah memiliki 30 ribu armada truk yang terhubung di platform dan 300 operator gudang di berbagai kota.

Perluasan bisnis juga direncanakan, salah satunya untuk masuk ke layanan logistik first-mile dan mid-mile yang belum terakomodasi. Tahun 2020 lalu, Waresix mengakuisisi Trukita yang dikenal sebagai portal marketplace untuk membantu pengguna menemukan penawaran jasa angkut barang dan truk untuk pengiriman.

Harapannya melalui aksi perusahaan ini, Waresix ingin mengakomodasi semua aspek di rantai pasokan melalui pendekatan teknologi, termasuk manajemen truk, pergudangan, transportasi multi-moda, dan manajemen vendor.

Layanan seperti yang disediakan Waresix menjadi relevan di Indonesia. Kondisi yang berbentuk negara kepulauan membuat biaya logistik di menjadi salah satu yang tertinggi di Asia, bahkan berkontribusi terhadap seperempat dari produk domestik bruto Indonesia yang mencapai $1 triliun.

Posisi Indonesia dalam Indeks Daya Saing Logistik 2018 yang dirilis Bank Dunia memang terus membaik. Namun, rasio biaya logistik terhadap PDB Indonesia masih mencapai 24%, tertinggal dari Thailand dan Malaysia. Kondisi tersebut menciptakan potensi senilai $240 miliar dalam sektor logistik di Indonesia. Biaya logistik yang tinggi tidak hanya melemahkan daya saing industri, tetapi juga meningkatkan cost of doing business bagi pelaku UKM di Indonesia.

Dengan berbagai solusi yang unik, banyak startup lokal yang mencoba peruntungan di dunia logistik. Beberapa model bisnis mereka tervalidasi baik dan mendapatkan dukungan investor, di antaranya:

Waresix Acquires Trukita, to Expand Business in “First-Mile” Logistics

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Logistics startup Waresix today (17/12) announced its acquisition of Trukita; a startup that provides a marketplace portal to help users find freight and truck services for first-mile delivery. This is to expand the company’s coverage, as previously known, Waresix only focuses on mid-mile logistics services.

After the corporate action, Waresix plans to accommodate all aspects of the supply chain through a technology approach, including truck management, warehousing, multimodal transportation, and vendor management.

In September 2020, Waresix also announced the fundraising up to $100 million or the equivalent of 1.5 trillion Rupiah of follow-on funding. Some investors participated in the last Series B funding, including EV Growth, Jungle Venture, SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, and Redbadge Pacific.

“The acquisition of Trukita is in line with a strategy to complement our capabilities in mid-mile logistics services. This strategy allows us to combine our expertise and company network to expand our service range, as well as offer a more comprehensive range of services to our customers,” Waresix’ Co-founder & CEO Andree Susanto said.

He said that the acquisition of Trukita will increase the company’s coverage access to more than 10 thousand trucks and hundreds of new customers, putting the company in the best position to seize more opportunities in the Indonesian port and sea logistics market to be valued up to $60 billion.

Meanwhile, Trukita’s Co-Founder & CEO Ady Bangun said, “Trukita can now share the advantage of Waresix’s technology, as well as warehouse and truck. This will improve our services to customers in a more holistic manner, and expand our service reach beyond first-mile logistics.”

Co-Founder & CEO Waresix Andree Susanto dan Co-Founder & CEO Trukita Ady Bangun / Waresix
Waresix’s Co-Founder & CEO Andree Susanto and Trukita’s Co-Founder & CEO Ady Bangun / Waresix

Gaining profit despite pandemic

In early December 2020, we 8 funding that had been successfully booked by local logistics startups. Of course this is a breath of fresh air for the industry, especially the logistics sector is worthy of consideration because it supports various other businesses, one of which is e-commerce which contributes up to $32 billion of GMV for Indonesia’s digital economy.

Logisly Series A $6,000,000 Monk’s Hill Ventures
Waresix Series B $75,000,000 EV Growth, Jungle Venture, SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, Redbadge Pacific
Andalin Seed Funding $1,500,000 BEENEXT, Access Ventures, ATM Capital
Webtrace Seed Funding Corin Capital
Shipper Series A $20,000,000 Prosus Ventures, Lightspeed, Floodgate, Y Combinator, Insignia Ventures, AC Ventures
GudangAda Series A $25,400,000 Sequoia India, Alpha JWC Ventures, Wavemaker Partners
Kargo Technologies Series A $31,000,000 Tenaya Capital, Sequoia India, Intudo Ventures, Amatil X, Agaeti Convergence Ventures, Alter Global, Mirae Asset Venture Investment
Waresix Series A $25,500,000 EV Growth, Jungle Ventures

The logistics business ecosystem alone is quite complex, we previously published an analysis in 2019. Some business players such as Waresix eventually rests on more than one business model – apart from providing logistics transportation services, it also started to help business people manage warehouse to make it efficient for product distribution. Several other players have done the same thing.

For example, Shipper has done quite a movement, through its acquisition of Porter and Pakde, they expanded the scope of business in the realm of warehousing to facilitate online sellers in marketplaces and social commerce. SaaS players for omnichannel e-commerce such as Sirclo also have a similar scope of business now. This trend is a strong indication that every player in the ecosystem is trying to provide end-to-end services.

In Indonesia, spending on ground logistics is estimated to reach $290 billion by 2020. Apart from the large market, the number of commercial vehicle population (9.6 million units in 2019) has created intense price competition. However, the ratio of logistics costs to Indonesia’s GDP has reached 24%. It means that this market is still very promising in terms of size.

Various logistical initiatives are also being intensified. Most recently, Paxel in collaboration with Blue Bird presents PaxelBig. It is a same-day delivery service with a capacity of more than 5 kg aimed at MSME players using the fleet owned by Blue Bird. The unicorns also strengthen their business in this segment. One of them is Gojek, which will finalize intercity shipping services through the JX unit as a joint venture with JD.id.

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Original article is in Indonesian, translated by Kristin Siagian
Header photo: Depositphotos.com

Waresix Akuisisi Trukita, Perluas Bisnis di Jaringan Logistik “First-Mile”

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Startup logistik Waresix hari ini (17/12) mengumumkan akuisisinya terhadap Trukita; yakni sebuah startup yang sajikan portal marketplace untuk membantu pengguna menemukan penawaran jasa angkut barang dan truk untuk pengiriman first-mile. Akuisisi ini diharapkan dapat memperluas jangkauan layanan perusahaan, karena seperti diketahui Waresix sebelumnya hanya fokus di jasa logistik mid-mile.

Setelah aksi perusahaan ini, Waresix ingin mengakomodasi semua aspek di rantai pasokan melalui pendekatan teknologi, termasuk manajemen truk, pergudangan, transportasi multimoda, dan manajemen vendor.

Pada bulan September 2020 lalu, Waresix juga baru mengumumkan telah mengumpulkan dana hingga $100 juta atau setara 1,5 triliun Rupiah dari pendanaan digencarkan. Terakhir putaran seri B diikuti sejumlah investor termasuk EV Growth, Jungle Venture, SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, dan Redbadge Pacific.

“Langkah untuk melakukan akuisisi Trukita sejalan dengan strategi untuk melengkapi kemampuan kami di bidang jasa logistik mid-mile. Strategi ini memungkinkan kami untuk menggabungkan keahlian dan jaringan perusahaan untuk memperluas jangkauan layanan kami, serta menawarkan rangkaian layanan yang lebih komprehensif kepada pelanggan kami,” sambut Co-founder & CEO Waresix Andree Susanto.

Ia  menambahkan, akuisisinya terhadap Trukita akan meningkatkan akses jaringan perusahaan ke lebih dari 10 ribu truk dan ratusan konsumen baru, menempatkan perusahaan ke posisi terbaiknya untuk meraih lebih banyak peluang di pasar logistik pelabuhan dan laut Indonesia yang nilainya dapat mencapai $60 miliar.

Sementara itu Co-Founder & CEO Trukita Ady Bangun mengatakan, “Trukita kini dapat memanfaatkan teknologi, serta jaringan gudang dan truk milik Waresix. Hal ini akan meningkatkan pelayanan kami kepada pelanggan secara lebih holistik, serta memperluas jangkauan layanan lebih dari sekadar first-mile logistics saja.”

Co-Founder & CEO Waresix Andree Susanto dan Co-Founder & CEO Trukita Ady Bangun / Waresix
Co-Founder & CEO Waresix Andree Susanto dan Co-Founder & CEO Trukita Ady Bangun / Waresix

Menuai untung di tengah pandemi

Sampai awal bulan Desember 2020, kami mencatat ada 8 pendanaan yang berhasil dibukukan oleh startup logistik lokal. Tentu ini menjadi angin segar bagi industri, terlebih sektor logistik memang layak diperhitungkan karena menjadi tulang punggung beragam bisnis lainnya, salah satunya e-commerce yang menyumbang GMV hingga $32 miliar untuk ekonomi digital Indonesia.

Logisly Series A $6,000,000 Monk’s Hill Ventures
Waresix Series B $75,000,000 EV Growth, Jungle Venture, SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, Redbadge Pacific
Andalin Seed Funding $1,500,000 BEENEXT, Access Ventures, ATM Capital
Webtrace Seed Funding Corin Capital
Shipper Series A $20,000,000 Prosus Ventures, Lightspeed, Floodgate, Y Combinator, Insignia Ventures, AC Ventures
GudangAda Series A $25,400,000 Sequoia India, Alpha JWC Ventures, Wavemaker Partners
Kargo Technologies Series A $31,000,000 Tenaya Capital, Sequoia India, Intudo Ventures, Amatil X, Agaeti Convergence Ventures, Alter Global, Mirae Asset Venture Investment
Waresix Series A $25,500,000 EV Growth, Jungle Ventures

Ekosistem bisnis logistik sendiri cukup kompleks, sebelumnya sudah dibahas dalam analisis yang kami lakukan di tahun 2019. Beberapa pemain bisnis seperti Waresix pada akhirnya berpijak di lebih dari satu model bisnis – selain menyajikan layanan transportasi logistik, mereka juga mulai membantu pebisnis lakukan pengelolaan gudang untuk efisiensikan distribusi produk. Hal serupa sebenarnya juga dilakukan oleh beberapa pemain lain.

Misalnya yang dilakukan oleh startup agregator logistik Shipper, melalui akuisisinya terhadap Porter dan Pakde, mereka perluas cakupan bisnis di ranah pergudangan untuk memfasilitasi para penjual online di marketplace dan social commerce. Pemain SaaS untuk e-commerce omni-channel seperti Sirclo kini juga memiliki cakupan bisnis serupa. Tren tersebut menjadi indikasi kuat bahwa setiap pemain di ekosistem berupaya sajikan layanan end-to-end.

Tercatat di tanah air, pengeluaran untuk logistik darat diperkirakan mencapai $290 miliar pada tahun 2020. Selain dari pasar yang besar, jumlah populasi kendaraan komersial (9,6 juta unit pada 2019) telah menciptakan persaingan harga yang ketat. Namun, rasio biaya logistik terhadap PDB Indonesia masih mencapai 24%. Artinya secara ukuran, pasar ini memang masih sangat menjanjikan untuk digarap.

Berbagai inisiatif logistik juga terus digencarkan. Terbaru, Paxel bekerja sama dengan Blue Bird hadirkan PaxelBig. Yakni layanan same day delivery berkapasitas di atas 5 kg yang ditujukan untuk para pelaku UMKM memanfaatkan armada yang dimiliki Blue Bird. Para unicorn pun juga lakukan penguatan bisnis di segmen ini. Salah satunya Gojek yang akan matangkan jasa pengiriman antarkota melalui unit JX sebagai joint venture dengan JD.id.

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Gambar header: Depositphotos.com