Andalin Logistics Secures Series A Funding from BRI Ventures
Last year, Andalin managed to facilitate $20 million worth of delivery goods and was close to positive EBITDA
BRI Ventures, through Sembrani Nusantara Venture Fund, announced series A funding for Andalin logistics startup. The investment value was undisclosed, but it adds to the bags of pre-series A funding that the company previously obtained in October 2020 worth around seven-figure.
In his remarks, Andalin's Co-Founder & CEO, Rifki Pratomo said, "We see an opportunity in digitizing first-mile logistics, simplifying processes that are often complicated and confusing for MSMEs, as well as reducing cost barriers. If all goes well, it will encourage MSMEs to do more export-import activities."
Based on the data, local players account for 70% of the transportation and logistics industry in Indonesia, but the market conditions are still very fragmented. For instance, the top 10 players control less than 30% of the market share.
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefit
Subscribe and get:
- Access to premium article
- Download paid research
- Premium newsletter
- Ads free
Choose your subscription period:
Rp 150,000 /month
Pay for a month
- Rp 450,000
Rp 350,000 /quarter
Pay for 3 months
- Rp 1,800,000
Rp 1,033,000 /year
Pay for a year
Sign up for our
newsletter