Digitized logistics in IndonesiaWebsite
Digitized logistics in Indonesia
Waresix digitizes freight logistics with a network of haulers and warehouses in Indonesia. Their digital-first product reduces the complexity for users and brings together insights across the custody chain which allows customers to optimize their flows of physical goods across the archipelago.
Founders Andree Susanto and Edwin Wibowo met while at UC Berkeley, recognized the need for digitization of Indonesian logistics, and ultimately joined forces to start Waresix in 2017.
In the news
Indonesia’s Waresix bags $11m from EV Growth, Jungle VenturesTuesday 14 Jan 2020TechInAsia
Waresix, Indonesia’s trucking and warehousing platform, today announced that it has raised US$11 million in an extended series A round from EV Growth and Jungle Ventures. The extension comes less than six months after the company’s US$14.5 million series A round in July 2019, bringing its total capital raised to more than US$27.1 million in equity in the last 18 months.
Waresix hauls in $14.5M to advance its push to digitize logistics in IndonesiaThursday 4 Jul 2019TechCrunch
Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV — the investment arm of Indonesia corporation Sinar Mas — and Singapore’s Jungle Ventures.