Waresix Acquires Trukita, to Expand Business in "First-Mile" Logistics
Logistics sector is rapidly growing during pandemic
Logistics startup Waresix today (17/12) announced its acquisition of Trukita; a startup that provides a marketplace portal to help users find freight and truck services for first-mile delivery. This is to expand the company's coverage, as previously known, Waresix only focuses on mid-mile logistics services.
After the corporate action, Waresix plans to accommodate all aspects of the supply chain through a technology approach, including truck management, warehousing, multimodal transportation, and vendor management.
In September 2020, Waresix also announced the fundraising up to $100 million or the equivalent of 1.5 trillion Rupiah of follow-on funding. Some investors participated in the last Series B funding, including EV Growth, Jungle Venture, SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, and Redbadge Pacific.
"The acquisition of Trukita is in line with a strategy to complement our capabilities in mid-mile logistics services. This strategy allows us to combine our expertise and company network to expand our service range, as well as offer a more comprehensive range of services to our customers," Waresix' Co-founder & CEO Andree Susanto said.
He said that the acquisition of Trukita will increase the company's coverage access to more than 10 thousand trucks and hundreds of new customers, putting the company in the best position to seize more opportunities in the Indonesian port and sea logistics market to be valued up to $60 billion.
Meanwhile, Trukita's Co-Founder & CEO Ady Bangun said, "Trukita can now share the advantage of Waresix's technology, as well as warehouse and truck. This will improve our services to customers in a more holistic manner, and expand our service reach beyond first-mile logistics."
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