Indonesian logistics platform Logisly raises $6 million Collection A to digitize truck shipments

By | November 3, 2020

Indonesia’s logistics business is very fragmented, with a number of massive suppliers working alongside hundreds of smaller corporations. This implies shippers usually should work with quite a lot of carriers, driving up prices and making provide chains tougher to handle. Logisly, a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” introduced right this moment it has raised $6 million in Collection A funding to assist streamline logistics in Indonesia. The spherical was led by Monk’s Hill Ventures.

This brings the overall Logisly has raised because it was based final yr to $7 million. Its platform digitizes the method of ordering, managing and monitoring vehicles. First, it verifies carriers earlier than including them to Logisly’s platform. Then it connects purchasers to trucking suppliers, utilizing an algorithm to mixture provide and demand. This implies corporations that must ship items can discover vehicles extra shortly, whereas carriers can scale back the variety of unused house on their vehicles.

Co-founder and chief govt officer Roolin Njotosetiadi informed TechCrunch that about “40% of vehicles are utilized in Indonesia, and the remainder are both sitting idle or getting back from their hauls empty handed. All of those end in excessive logistics prices and late deliveries.”

He added that Logisly is “laser targeted on having the biggest trucking community in Indonesia, offering 100% availability of cost-efficient and dependable vehicles.”

Logisly now works with greater than 1,000 companies in Indonesia in sectors like e-commerce, fast-moving shopper items (FCG), chemical compounds and building. This quantity contains 300 company shippers. Logisly’s Collection A shall be used on rising its community of shippers and transporters (which presently covers 40,000 vehicles) and on product improvement.

The startup’s purchasers embrace a number of the largest company shippers in Indonesia, together with Unilever, Haier, Seize, Maersk and JD.ID, the Indonesian subsidiary of JD.com, one in all China’s largest e-commerce corporations.

Different enterprise capital-backed startups which are targeted on Indonesia’s logistics business embrace Shipper, which focuses on e-commerce; logistics platform Waresix; and Kargo.

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