1. Startup

Warung Pintar Officially Acquired Bizzy

The acquisition value reached $45 million or around 633 billion Rupiah

New retail startup Warung Pintar has officially announced its acquisition of Bizzy, a B2B logistics and supply chain distribution startup. The acquisition value reached $45 million or around Rp633 billion.

Through this acquisition, Warung Pintar is to strengthen its position in the B2B e-commerce market and predicted to grow three times of the B2C market.

"[Acquisition] Bizzy as a whole, not just a particular business unit," East Ventures' Co-Founder & Managing Partner, Willson Cuaca said in a short message to DailySocial.

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