# PT Tibeka Logistik Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-tibeka-logistik-indonesia

- Industry: Internet
- Headquarters: Jakarta, Indonesia
- Website: www.waresix.com
- Total disclosed funding: $157M
- Latest round: Series B (Apr 8, 2022)
- Investors on record: 16

## About

PT Tibeka Logistik Indonesia operates as a digital logistics platform in Indonesia, enhancing supply chain efficiency through advanced technology and providing comprehensive logistics solutions for e-commerce and retail sectors.Founded in 2017 and headquartered in Jakarta, Indonesia, PT Tibeka Logistik Indonesia specializes in digital logistics services. The company has undergone strategic growth, raising USD 50 mn in Series B funding on April 8, 2022, led by Tiger Global Management, with participation from Temasek Holdings and East Ventures. The firm has successfully completed a total of 5 deals, with a current valuation of USD 420 mn. Founders Andree Susanto and Edwin Wibowo have previously established enterprises in the logistics sector, contributing to the company's expertise and industry knowledge.Waresix operates as a leading digital logistics platform in Indonesia, leveraging advanced technologies such as artificial intelligence and machine learning to enhance supply chain efficiency and optimize logistics management. The company provides a comprehensive suite of services that includes logistics planning, execution, monitoring, and administrative processes, all facilitated through their proprietary Waresix Operation System (WOS). This platform allows for real-time order management, automated matching of delivery needs with fleet availability, and access to performance insights via a user-friendly dashboard. Targeting a diverse customer base in sectors like e-commerce and retail, Waresix serves both businesses and individuals requiring reliable transportation solutions. Their services, which span various regions across Indonesia, cater to the growing demand for efficient logistics, especially in metropolitan areas where e-commerce is rapidly expanding.Waresix generates revenue through its logistics services, which operate on a structured transaction model that includes both B2B and direct-to-consumer engagements. Clients utilize the platform for various logistics needs, engaging in transactions that may include service level agreements (SLAs) to ensure quality and timeliness in delivery. The pricing structure is designed to accommodate various service levels, enabling flexibility based on customer requirements, with specific rates applicable to different transportation modes, including land transport and domestic shipping. Through these structured engagements, Waresix establishes partnerships with businesses seeking streamlined logistics solutions, thereby fostering an ecosystem that supports efficient product distribution across the Indonesian market.Following the recent Series B funding of USD 50 mn raised on April 8, 2022, PT Tibeka Logistik Indonesia plans to utilize this capital to support its growth initiatives. The company aims to enhance its logistics technology and expand its product offerings to meet evolving customer needs. Additionally, there are plans to enter new geographical markets to further increase its footprint in the logistics sector. The strategic deployment of the newly acquired funds will facilitate these advancements.

## Funding rounds

- Series B, Apr 8, 2022, $50M — Temasek Holdings, Tiger Global Management, East Ventures
- Series B, Mar 10, 2022, $84M — Jungle Ventures, SBVA, Z Venture Capital, East Ventures, PT Elang Mahkota Teknologi Tbk, SMDV, MDI Ventures, Gan Kapital, Pavilion Capital Partners, Redbadge Pacific, Emtek Group, OKO Markets Pte. Ltd.
- Series A, Jan 10, 2020, $7M — Jungle Ventures, East Ventures
- Series A, Oct 2, 2019, $14M — Jungle Ventures, East Ventures, SMDV
- Seed, Oct 9, 2018, $1.6M — East Ventures, Monk's Hill Ventures, SMDV, Triputra Group

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A, Series B
- Monk's Hill Ventures (https://capitalatlas.ai/funds/monk-s-hill-ventures) — Seed
- SMDV (https://capitalatlas.ai/funds/smdv) — Seed, Series A, Series B
- Triputra Group — Seed
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series A, Series B
- SBVA (https://capitalatlas.ai/funds/sbva) — Series B
- Z Venture Capital (https://capitalatlas.ai/funds/z-venture-capital) — Series B
- PT Elang Mahkota Teknologi Tbk — Series B
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series B
- Gan Kapital — Series B
- Pavilion Capital Partners (https://capitalatlas.ai/funds/pavilion-capital-partners) — Series B
- Redbadge Pacific (https://capitalatlas.ai/funds/redbadge-pacific) — Series B
- Emtek Group — Series B
- OKO Markets Pte. Ltd. — Series B
- Temasek Holdings — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B