Post by account_disabled on Dec 24, 2023 3:42:06 GMT
Waresix aims to use digital technology to transform Indonesia's $55 billion logistics and warehousing business - Amid the COVID-19 pandemic, Waresix has rapidly evolved to support the distribution of essential goods to more than 100 cities across Indonesia. and provide logistics services to key industries - as Indonesia is the largest archipelago in the world. Distribution is a key issue in Indonesia, so Waresix offers a unique solution to address the distribution challenge. This is in line with the government's goal of reducing the country's logistics costs to 19% of GDP. Waresix, Indonesia's leading logistics technology platform, Announced today that.
The company has completed its Series B funding round and raised $100 million last year from existing investors EV Growth and Jungle Ventures, and new investors including SoftBank Phone Number List Ventures Asia, EMTEK Group, Pavilion Capital and Redbadge Pacific Waresix are the leading logistics technology platforms in Indonesia in the transportation and warehousing market. by transportation service The bulk of Waresix's business is focused on first- and medium-haul intercity logistics. Waresix's deep operational involvement as a managed service provider This allows companies to define key value and impactful solutions for customers beyond passive supply and demand matching. Waresix's solutions include consolidation, back-haul optimization and logistics. hub-and-spoke.
This enabled trucking utilization rates to be 50% higher than traditional carriers and contributed to Waresix's rapid scale-up. Waresix has been profitable on a net income basis since June 2019. Waresix currently serves over 250 well-known enterprise clients from a variety of industries. This includes customers within the commodity industry. Consumer products that sell quickly industrial consumables infrastructure and retail, with famous customers such as Unilever, Indofood, Siam Cement Group, Wings, JD.ID and many international companies. Waresix's logistics ecosystem includes more than 40,000 trucks and 375 warehouses in more than 100 cities and towns across Indonesia.
The company has completed its Series B funding round and raised $100 million last year from existing investors EV Growth and Jungle Ventures, and new investors including SoftBank Phone Number List Ventures Asia, EMTEK Group, Pavilion Capital and Redbadge Pacific Waresix are the leading logistics technology platforms in Indonesia in the transportation and warehousing market. by transportation service The bulk of Waresix's business is focused on first- and medium-haul intercity logistics. Waresix's deep operational involvement as a managed service provider This allows companies to define key value and impactful solutions for customers beyond passive supply and demand matching. Waresix's solutions include consolidation, back-haul optimization and logistics. hub-and-spoke.
This enabled trucking utilization rates to be 50% higher than traditional carriers and contributed to Waresix's rapid scale-up. Waresix has been profitable on a net income basis since June 2019. Waresix currently serves over 250 well-known enterprise clients from a variety of industries. This includes customers within the commodity industry. Consumer products that sell quickly industrial consumables infrastructure and retail, with famous customers such as Unilever, Indofood, Siam Cement Group, Wings, JD.ID and many international companies. Waresix's logistics ecosystem includes more than 40,000 trucks and 375 warehouses in more than 100 cities and towns across Indonesia.