Waresix, a Jakarta, Indonesia-based logistics tech platform, closed its Series B funding.
Over the last year, the company raised approx. US$100m from existing investors EV Growth and Jungle Ventures, and new investors, including SoftBank Ventures Asia, EMTEK Group, Pavilion Capital and Redbadge Pacific.
Led by Andree Susanto, CEO, Waresix is a tech-enabled platform offering logistics services and solutions. It connects shippers and businesses with available transporters, trucks and warehouse space across Indonesia.
The company now serves more than 250 marquee corporate clients from diverse industries, including clients within the commodities, fast-moving consumer goods, industrial consumables, infrastructure, and retail sectors.
Customers include Unilever, Indofood, Siam Cement Group, Wings, JD.ID and numerous other MNCs. The company’s logistics ecosystem spans over 40,000 trucks and 375 warehouses in more than 100 cities and towns across Indonesia.
The integration with key logistics facilities, such as Indonesia’s National Ports, has allowed the company to expand its reach beyond Java and Sumatra, to all of Indonesia’s main islands.