Baskit Raises $4.4M Series A Funding to Digitize Supply Chains and Expand into Southeast Asia
Baskit, Indonesia's innovative supply chain growth platform, has secured $4.4 million in a Series A funding round.
Led by Cento Ventures, the investment will accelerate the company's expansion across Southeast Asia.
Funding Details and Key Backers
Other participants include Kaya Founders, Analog Ventures, and Orvel Ventures.
Baskit also obtained a $3 million revolving credit facility from HSBC Innovation Banking.
This brings the platform's total equity funding to $9.9 million, following pre-seed and seed rounds in early 2023.
Transforming Offline Distribution Networks
In a region where offline channels dominate over 90% of trade, Baskit digitizes distribution for brands, distributors, wholesalers, and retailers.
The platform provides real-time visibility into inventory, performance, and coordination across fragmented networks.
Embedded financial services, including credit and payments, help improve liquidity and financing for inventory.
Strong Growth and Partnerships
Since its commercial launch, Baskit has partnered with more than 60 brands and hundreds of distributors in Indonesia.
Its ecosystem includes modern retail giants like Alfamart, Circle K, and Boots.
Future Expansion and Regional Impact
The funding will deepen penetration in Indonesia while enabling entry into the Philippines, its first international market.
This strategic move positions Baskit to address supply chain inefficiencies across Southeast Asia's emerging economies.
