Exploring Southeast Asia’s logistics horizon
The ongoing problem of high logistics costs has affected the world since COVID-19 began, and Southeast Asia hasn't been spared. The steep expenditure is driven by several factors, such as supply and demand disruptions, geopolitical and economic uncertainty, compounded by surging inflation, and amongst others.
Fresh Factory revolutionizes the cold chain in Indonesia
Larry Ridwan, CEO and founder of Fresh Factory, is a man who had already reached the pinnacle of his career at several major companies but still dared to chart a new course in his life. Born in Ambon, Maluku, Indonesia, Larry took a leap of faith by helping expand the fisheries market in Maluku.
Biteship, Indonesia-based e-commerce logistic solutions startup, secured seed funding co-led by East Ventures and Beenext
Biteship, an Indonesia-based e-commerce logistic solution startup with a focus on empowering small-medium enterprises (SMEs) and enterprises, today announced that it has secured an undisclosed amount of seed funding co-led by East Ventures and Beenext.
Regional logistics platform Luwjistik raises US$ 1.1 million in seed funding round led by East Ventures
Luwjistik, a Singapore-based startup specializing in e-commerce logistics integration, has secured US$ 1.1 million (approximately IDR 15 billion) in a seed round led by East Ventures, with participation from MDI-Finch’s Arise and Global Founders Capital.
Indonesian logistics tech startup Waresix closes US$100 million fundraising
Indonesian logistics tech startup Waresix closes c.US$100 million fundraising 10 September 2020 JAKARTA — Waresix, Indonesia's leading logistics tech startup, today announced that it has concluded its Series B fundraising, and over the last year raised c.US$100 million from existing investors EV Growth and Jungle Ventures, and new investors, including SoftBank Ventures Asia, EMTEK Group, Pavilion Capital and Redbadge Pacific. Waresix is the leading logistics tech startup in Indonesia in the trucking and warehousing segments. Trucking services, which form the majority of Waresix’s business, is focused on first-mile and mid-mile intercity shipments. Waresix’s deep operational [...]