Indonesia’s Waresix secures US$11 million in extended Series A round

Indonesian trucking and warehousing platform Waresix has bagged US$11 million from EV Growth and Jungle Ventures in an extended Series A round.

Indonesia’s Waresix secures US$11 million in extended Series A round | BEAMSTART News

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Previously in October 2018, the startup closed US$1.6 million in pre-Series A funding round led by East Ventures and Hill Ventures followed by a US$14.5 million Series A round in July 2019.

Established in 2017, Waresix connects shippers and businesses with available transporters or trucks and warehouse spaces across Indonesia.

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Since the beginning of its operations, Waresix intercity trucking and transportation business has grown very rapidly and it is now planning for a Series B funding this year.

Waresix will use the investment to achieve its mission to develop and expand the existing warehouse network.

“Distribution and logistics have always been a challenge in Indonesia due to its island structure. Waresix provides a solution for dynamic warehouse strategy that allows its customers to adjust quickly with variable demands,” Waresix CEO Andree Susanto said.

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