Waresix acquires Trukita to grow its freight and trucking network in Indonesia

Indonesia’s logistics startup Waresix announced today it has signed an agreement to acquire home-grown freight and trucking startup Trukita.

The details of acquisition were not officially disclosed. However, a DealStreetAsia report said Trukita was valued around US$5 million in the deal.

This acquisition allows Waresix to expand its offerings into first-mile logistics (transportation of goods from the port to the warehouse) and in turn, provide clients with one-stop logistics services.

Waresix focuses mainly on renting out warehouses to businesses whereas Trukita helps large and small business find the best transportation services.

Also Read: Logistics tech startup Waresix shares their achievements and target

“With the combined capabilities of Trukita and Waresix, we are now one of the largest logistics technology providers in Indonesia and will continue to contribute towards lowering costs with the effective use of technology to increase efficiency and overall transparency,” said Waresix co-founder Andree Susanto.

“Both companies share the same vision of digitalising the logistics sector and improving the efficiency of existing processes. Trukita will now be able to leverage Waresix’s technology, network of trucks and warehouses in Indonesia to better serve customers more holistically and expand beyond the first-mile space,” added Trukita co-founder Ady Bangun.

With its unique geographical landscapes, transporting goods from manufacturers to end-users in Indonesia for logistics players is often a lengthy multi-step journey. This means that goods need to go through land, sea and different warehouses before effectively reaching the island.

To solve this problem, Waresix offers multi-modal services, including land and marine transportation, general cargo handling, and cold storage to cater inter-island freight movement across Indonesia.

Currently, Waresix has a capacity of 375 warehouses and 40,000 trucks across Indonesia, and currently serves more than 100 cities within the region.

Some of its corporate clients are Unilever, Indofood, Siam Cement Group, Wings, and JD.ID.

Earlier this year, Waresix closed US$100 million in Series B round from EV Growth, Jungle Ventures, EMTEK, Pavillion Capital, Softbank Ventures Asia and Redbadge Pacific.

Also Read: (Updated) Waresix closes US$100M Series B to grow its tech-enabled first-mile, mid-mile logistics services in Indonesia

Trukita was founded in 2017 by Bangun, Panji Tri Atmojo and Ikhsan Amiarsa and is funded by notable investors such as Astra International, EverHaüs and Plug and Play.

Trukita claims to be the regions leading marketplaces for freight and trucking with a network of over 10,000 trucks.

While the acquisition has certainly made the two logistics companies stronger, Indonesia has over 110 logistics tech startups as per data by Tracxn. Some of the popular ones being Kargo, Shipper and Ritase.

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Image Credit: Waresix

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