Waresix Acquires Leading Freight and Trucking Startup: Trukita
Waresix | 18 December 2020
Waresix, Indonesia’s young and fast-growing logistics technology platform, announced today that it has acquired Trukita, a leading logistics technology start-up that offers freight and trucking services in the first-mile space.
This strategic acquisition is in line with Waresix’s vision to be the largest digital-enabled logistics network in Southeast Asia. With the completion of this acquisition, Waresix seeks to expand the company’s reach into the first-mile logistics space and enhance its existing range of offerings for shippers and transporters.
Waresix currently offers end-to-end logistics services catering to all aspects of the supply chain, including trucking, warehousing, multimodal transport, and vendor management. It currently focuses on the mid-mile logistics services space in Indonesia and leverages technology to seamlessly connect shippers and businesses to readily available trucks and warehouses.
Trukita operates one of the largest freight and trucking marketplace platforms in the country that connects businesses to tech-enabled trucks in Indonesia. It offers real-time tracking, business analysis, online payments, and supply chain optimization.
Andree Susanto, Co-founder and CEO of Waresix, said, “The acquisition of Trukita, a leading player in the first-mile logistics space, is synergistic as it complements our own capabilities in the mid-mile space in which we currently operate. This allows us to combine both companies’ expertise and networks to extend our reach and offer a more comprehensive suite of services to both existing and new customers.
“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.”
Mr. Susanto added that Waresix’s acquisition of Trukita will allow the company to gain access to an extended network of over 10,000 trucks and hundreds of new customers, positioning Waresix in good stead to tap on more opportunities in Indonesia’s US$12 billion port logistics market.
Trukita’s CEO and Co-Founder Ady Bangun said, “At Trukita, we see many opportunities to work together with Waresix to address the inefficiencies of Indonesia’s logistics supply chain, such as uncertainty and high costs. 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.” he added.
Transporting goods from manufacturers to end-users is often a lengthy multi-step journey. First- mile, mid-mile, and last-mile delivery are common terms used by the industry to describe the movement of goods in each step of the supply chain process. In the context of B2B logistics, first- mile delivery usually entails the transportation of goods between a port and a warehouse, while the middle-mile distribution may entail sending items between warehouses or to a distributor. Last-mile, or final mile delivery, is the final step of the supply chain, where the product is delivered from the distributor to the retailer.
As the world’s largest archipelago, Indonesia’s unique geography presents significant challenges for logistics players as this means that goods cannot be transported just by using trucks on land alone. A multimodal form of transportation, comprising land, sea,, and warehouse solutions, aided by technology, is required to efficiently reach across the islands.
Founded in 2017 by Andree Susanto and Edwin Wibowo, Waresix offers trucking, logistics and warehousing solutions for companies navigating Indonesia’s 17,000 islands. By connecting shippers and businesses with available trucks and warehouses across Indonesia, Waresix offers a one-stop solution for transportation both by land and by sea, as well as general cargo handling and cold storage.
Waresix currently operates in more than 100 cities in Indonesia and manages over 40,000 trucks and 375 warehouses. Earlier this year, the company concluded its Series B funding round to fund business expansion and continual technology development.