Waresix is an Indonesian logistics startup. The company has raised an additional $1.9 million as part of its Series B. That amount brings the total raised in its latest round to nearly $74 million, according to Venture Cap Insights. The article characterizes the financing as part of Waresix's Series B round. No investor names, operating metrics, product details, past rounds, or founding year are provided in the article. Waresix is a tech-enabled logistics platform focused on trucking and warehousing that provides managed services beyond passive load matching. Trucking comprises the majority of its business, concentrating on first-mile and mid-mile intercity shipments, and the company offers consolidation, back-haul optimization and hub-and-spoke distribution to increase efficiency. Its ecosystem spans over 40,000 trucks and 375 warehouses across more than 100 cities, and it serves more than 250 corporate clients including Unilever, Indofood, Siam Cement Group, Wings and JD.ID. Waresix has been profitable on a net income basis since June 2019 and has continued to scale during the COVID-19 pandemic. The company is developing a unified operating-system-like platform to give partners a single view of consignments and improve daily operations across transport channels and transit warehouses. It plans to invest new capital to develop logistics technology infrastructure and further build out its team to capture opportunities in Indonesia’s large logistics market. Waresix is an Indonesian logistics startup. The article reports the company secured $11 million in a Series A extension. The extension was provided by EV Growth and Jungle Ventures. The report does not describe the company's specific products, services, or customer base. The article also does not disclose additional financial metrics, prior rounds, or future plans. Waresix operates a digital logistics platform that connects shippers with haulage companies and warehouse partners, aiming to remove middlemen and increase transparency and efficiency. The company offers a one-stop solution for land and sea transportation, cold storage and general cargo handling. Waresix claims a fleet of more than 20,000 trucks and over 200 warehouse partners across Indonesia. It targets a large domestic logistics market the company values at about $240 billion and addresses geographic challenges across the archipelago. The startup plans to use new capital to expand land-transport options and add warehouse capacity in tier-two cities and more remote areas. Founders Andree Susanto (CEO) and Edwin Wibowo (CFO) say the expansion aligns with Indonesia's national infrastructure and transport commitments. Waresix is an Indonesia-based on-demand (SaaS) warehouse service provider. The company offers on-demand warehouse services through a software-as-a-service model. The article reports Waresix closed a $1.6 million pre-Series A round. That round was led by East Ventures and Monk's Hill Ventures. The article does not disclose operating metrics, revenue, user numbers, or use of proceeds. No future plans or strategic details were provided in the article.

Total raised

$129M

Funding rounds

5

Latest round

Series B

Latest activity

Feb 2021