PR85509

JAKARTA, Indonesia, Sept. 10, 2020 /PRNewswire=KYODO JBN/ --

Summary

-Waresix seeks to digitally transform the US$55 billion Indonesian trucking and

warehousing sector.

-Amid the COVID-19 pandemic, Waresix has scaled up rapidly to support the

distribution of essential goods to over 100 cities across Indonesia and to

provide logistics services to primary sectors.

-As the world's largest archipelago, distribution of goods is a major pain

point in Indonesia. Waresix offers unique solutions to address distribution

challenges, in line with the government's aim to reduce the country's logistics

costs to 19% of GDP.

Waresix, Indonesia's leading logistics tech platform, today announced that it

has concluded its Series B fundraising, and over the last year raised c.US$100

million from existing investors EV Growth and Jungle Ventures, and new

investors, including SoftBank Ventures Asia, EMTEK Group, Pavilion Capital and

Redbadge Pacific.

Photo-https://photos.prnasia.com/prnh/20200910/2912421-1-a

Waresix is the leading logistics tech platform in Indonesia in the trucking and

warehousing segments. Trucking services, which form the majority of Waresix's

business, is focused on first-mile and mid-mile intercity shipments. Waresix's

deep operational involvement as a provider of managed services enables it to

identify key value and efficiency-generating solutions for its clients beyond

passive demand and supply matching. Waresix's solutions, including

consolidation, back-haul optimization and hub-and-spoke distribution, can

achieve 50% higher truck utilization than traditional shippers, and have

contributed towards Waresix rapid scaling, while generating positive net

income. Waresix has been profitable on a net income basis since June 2019.

Waresix now serves more than 250 marquee corporate clients from diverse

industries, including clients within the commodities, fast-moving consumer

goods, industrial consumables, infrastructure, and retail sectors. Notable

customers include Unilever, Indofood, Siam Cement Group, Wings, JD.ID and

numerous other MNCs. Waresix's logistics ecosystem spans over 40,000 trucks and

375 warehouses in more than 100 cities and towns across Indonesia. Waresix's

integration with key logistics facilities, such as Indonesia's National Ports,

has allowed the company to expand its reach beyond Java and Sumatra, to all of

Indonesia's main islands.

Photo-https://photos.prnasia.com/prnh/20200910/2912421-1-b

Waresix has been developing a unified operating system-like platform for its

partners, with the goal of improving partners' daily operations pertaining to

their vendors and customers. The platform further provides a compact, single

view of partners' consignments across transport channels and transit

warehouses. Waresix's platform distinguishes itself from other logistics

companies that primarily focus on building passive load-board and listings, to

match supply and demand. Waresix continues to tackle core logistical challenges

by going beyond matching supply with demand through cultivating a

managed-service ecosystem. This has positioned Waresix to address challenges

and generate enduring solutions faced by its demand and supply partners.

Despite disruptions brought in by the COVID-19 pandemic, the company has

continued to achieve remarkable results, with rapid growth in its first-mile

and mid-mile trucking services while supporting the efficient flow of essential

goods and the livelihoods of thousands of truck drivers across the country.

At its core, Waresix believes that logistics, being a major bottleneck in the

fast-growing Indonesian economy, provides ample opportunity for innovation

within the e-trucking sector. Furthermore, the Indonesian government continues

to invest in the country's physical infrastructure, which serves as further

sector catalysts. With technology and a customer-first mindset deeply embedded

in Waresix's DNA, Waresix is well-placed to propel efficiency within

Indonesia's complex logistics ecosystem.

Andree Susanto, CEO of Waresix, said, "We are excited to on-board a group of

high-quality long-term investors and partners that have committed to support

Waresix in our journey to be the new engine for trade and commerce growth in

Indonesia. The capital will be invested to develop the most robust logistics

technology infrastructure in South East Asia, and further build out our

world-class team to help us seize a large market opportunity."

Edwin Wibowo, CFO of Waresix said, "We are not just driven by technology, but

also driven by a passion to solve real problems, and innovating via technology.

We have proven this in the last two years, which is why our clients love us and

our business has continued to scale until today."

About Waresix

Waresix is a tech-enabled platform offering logistics services and solutions to

customers in a more efficient and economic manner. It connects shippers and

businesses with available transporters, trucks and warehouse space across

Indonesia, providing better transparency, quality of service, and improving

income for asset owners. Its expansive ecosystem now reaches over 40,000 trucks

and 375 warehouse operators across the archipelago.

The archipelagic makeup of Indonesia has resulted in one of the highest

logistics costs in Asia, accounting for nearly a quarter of the country's US$1

trillion gross domestic product (GDP). This high logistics cost not only

hampers Indonesia's industrial competitiveness but also adds to Indonesian

SME's cost of doing business. Waresix seeks to address challenges and generate

enduring solutions for its supply and demand partners in the US$240 billion

Indonesian logistics market.

You can read more about us at waresix.com(https://waresix.com/)

Source Waresix

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=371081 

   Caption: Waresix Team at Waresix Office

   Link: http://asianetnews.net/view-attachment?attach-id=371084 

   Caption: Waresix Truck