The Baskit team
Baskit, which provides technologies for wholesalers and distributors to make supply chains more efficient in Indonesia, has raised US$1.5 million in pre-seed funding.
Forge Ventures led the round. Sketchnote Partners, DS/X Ventures, Prasetia Ventures, and undisclosed global and regional angels also participated.
The startup will invest the capital in strengthening its technology and team.
Baskit was founded in 2022 by Yann Schuermans (CEO), Yoonjung Yi (Head of People and Communications), and Yasser Arafat Akhmad (Head of Technology).
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In Indonesia, traditional distribution chains are often ineffective in their middle layers, driving many inefficiencies, including product stock-outs, lack of data visibility, and supply chain losses from expiry. Baskit aims to strengthen the distributors and wholesalers of these layers with commercial support and technology.
The firm sees opportunities to positively impact communities, including serving rural consumption better and promoting financial inclusion across previously unbanked distribution businesses and merchants.
Baskit claims it has experienced explosive growth since its official launch in November 2022, doubling in size month-on-month.
Its other backers are Shafie Shamsuddin (Chairman of Petronas), Reynold Wijaya (Founder of Modalku), Ankit Sethi (COO of Fung Investments), and APAC Foodpanda/Delivery Hero Leadership (Jakob Angele, Pedram Assadi, and Arun Makhija).
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