The Logisly team
Logisly, a B2B tech-enabled logistics platform in Indonesia, has secured US$6 million in a Series A financing round, led by Monk’s Hill Ventures.
As per a press note, the startup will use the money to scale its operations in Indonesia by growing its sales and vendor acquisition teams and strengthen its network of shippers and transporters.
Also Read: Andalin raises pre-Series A led by Beenext to expand its B2B logistics solutions in Indonesia
A portion of the funds will also go into product development, which includes providing tools for shippers and transporters to improve their business operations.
Founded in 2019 by Roolin Njotosetiadi and Robbi Baskoro, Logisly is an e-forwarding logistics company that connects shippers with trucking companies from a network of verified corporate carriers. Shippers and trucking providers use the platform as a single point of contact for orders, payment and tech support.
Njotosetiadi said: “We are focused on digitising the logistics industry in Indonesia, which remains largely fragmented. The industry continues to face a plethora of challenges such as fragmented ecosystem players, high logistics costs, manual processes and unreliable drivers and transporters.”
By digitising the truck ordering process, Logisly aims to ease the high cost of logistics in Indonesia by increasing utilisation of trucks and providing more certainty in managing supply chains through a wide network of reliable transport, order transparency and automation.
Since 2019, Logisly has partnered with more than 1,000 businesses across Indonesia. This includes over 300 corporate shippers from various sectors, including fast-moving consumer goods, chemicals, construction, and e-commerce.
Logisly currently serves more than 300 corporate shippers from various sectors, including fast-moving consumer goods, chemicals, construction and e-commerce.
Also Read: 5 reasons to be bullish on logistics tech in Asia
This includes Unilever, JD.ID, Haier, Grab and Maersk, among others. With a network of more than 40,000 trucks, Logisly provides shippers with 100% availability of cost-efficient and reliable trucks to meet the demands of shippers.
The logistics industry is one of the industries that have seen an uptick in growth amidst the COVID-19 crisis. Southeast Asia saw at least four logistics-tech firms raise funding in the last month alone, which included Andalin, a four-year-old logistics startup which works with B2B shippers in Indonesia. Other notable investment deals were Thailand’s Mycloudfulfillment, Singapore’s Tramés, and Thailand’s Flash Express.
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Image Credit: Logisly
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