Indonesia's Baskit Raises $4.4M Series A to Digitize Offline Trade and Expand in Southeast Asia

Indonesian supply chain startup Baskit has secured $4.4 million in the first close of its Series A funding round.

The round was led by Cento Ventures with participation from Kaya Founders, Analog Ventures, and Orvel Ventures.

Funding Milestones and Financial Backing

This investment brings Baskit's total equity funding to $9.9 million, following pre-seed and seed rounds raised in 2023.

Additionally, Baskit obtained a $3 million revolving credit facility from HSBC Innovation Banking to support operations.

Company History and Innovative Model

Founded in 2023, Baskit provides an AI-enabled, asset-light platform that integrates software, payments, and embedded credit for brands navigating fragmented offline distribution.

The company focuses on FMCG, beauty, and personal care sectors, partnering with over 60 brands and modern retailers like Alfamart, Circle K, and Boots.

Baskit has maintained profitability for 1.5 years with double-digit contribution margins, reinvesting profits for sustainable scaling.

Impact, Expansion, and Future Outlook

In regions where offline trade exceeds 90% of volume, Baskit enhances visibility, liquidity, and efficiency for distributors and wholesalers.

The fresh capital will drive expansion into the Philippines as its first market outside Indonesia, accelerating regional growth.

CEO Yann Schuermans highlighted Baskit's approach to enable ecosystem players without disruption.

Investors view Baskit as pioneering supply chain solutions for Southeast Asia's complex offline markets, signaling strong future potential.