Waresix, an Indonesian young and fast growing logistics technology platform, has acquired Trukita, a logistics technology start-up that offers freight and trucking services in the first-mile space - Photo by the Company

JAKARTA (TheInsiderStories) – Waresix, an Indonesian young and fast growing logistics technology platform, has acquired Trukita, a logistics technology start-up that offers freight and trucking services in the first-mile space, the company announced today. The operator seeks to expand the first-mile logistics space and enhance its existing range of offerings for shippers and transporters.

Currently, the provider offered end-to-end logistics services catering to all aspects of the supply chain, including trucking, warehousing, multimodal transport and vendor management. It currently focuses on the mid-mile logistics services space in Indonesia and leverages technology to seamlessly connect shippers and businesses to readily available trucks and warehouses.

While, Trukita operated one of the largest freight and trucking marketplace platforms in the country that connects businesses to tech-enabled trucks in Indonesia. It offers real-time tracking, business analysis, online payments and supply chain optimization.

Andree Susanto, co-founder and CEO of Waresix, said, “With the combined capabilities of Trukita and Waresix, we are now one of the largest logistics technology providers in Indonesia.”

He added, that with the acquisition will allow the company to gain access to an extended network of over 10,000 trucks and hundreds of new customers, positioning Waresix in good stead to tap on more opportunities in Indonesia’ $12 billion port logistics market.

“At Trukita, we see many opportunities to work together with Waresix to address the inefficiencies of Indonesia’ logistics supply chain, such as uncertainty and high costs,” adds by Trukita’ CEO and co-founder, Ady Bangun.

Founded in 2017 by Susanto and Edwin Wibowo, Waresix offered trucking, logistics and warehousing solutions for companies navigating Indonesia’ 17,000 islands. The company now operates in more than 100 cities in Indonesia and manages over 40,000 trucks and 375 warehouses.

Earlier this year, the company concluded its Series B funding round to fund business expansion and continual technology development. The company has received over $100 million in funding from leading global and local investors such as East Ventures, SMDV, Jungle Ventures, EV Growth, Softbank Ventures Asia, Emtek Group, Pavilion Capital, and Redbadge Pacific.

Written by Editorial Staff, Email: theinsiderstories@gmail.com