Indonesia’s logistics industry is very fragmented, with a number of big providers operating together with countless smaller companies. This indicates carriers frequently have to work with a range of providers, driving up expenses and making supply chains more difficult to handle. Logisly, a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has actually raised $6 million in Series A funding to assist improve logistics in Indonesia. The round was led by Monk’s Hill Ventures.
This brings the overall Logisly has raised since it was established in 2015 to $7 million. Its platform digitizes the procedure of buying, managing and tracking trucks. First, it confirms providers before including them to Logisly’s platform. It connects customers to trucking suppliers, using an algorithm to aggregate supply and demand. This indicates companies that require to ship goods can discover trucks more quickly, while carriers can decrease the variety of unused space on their trucks.
Co-founder and chief executive officer Roolin Njotosetiadi informed TechCrunch that about “40% of trucks are made use of in Indonesia, and the rest are either sitting idle or returning from their hauls empty handed. All of these lead to high logistics expenses and late shipments.”
She added that Logisly is “laser focused on having the biggest trucking network in Indonesia, providing 100% schedule of affordable and reliable trucks.”
Logisly now deals with more than 1,000 services in Indonesia in sectors like e-commerce, fast-moving consumer goods (FCG), chemicals and building. This number consists of 300 corporate shippers. Logisly’s Series A will be utilized on growing its network of transporters and carriers (which presently covers 40,000 trucks) and on item development.
The startup’s customers include some of the biggest corporate shippers in Indonesia, including Unilever, Haier, Grab, Maersk and JD.ID, the Indonesian subsidiary of JD.com, one of China’s biggest e-commerce companies.
Other endeavor capital-backed start-ups that are focused on Indonesia’s logistics market consist of Shipper, which focuses on e-commerce; logistics platform Waresix; and Kargo.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.