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Waresix

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Waresix - ICT showcase

Year Founded & Workforce

2017

346 Employees

Industry

ICT

Services

Warehouse as a Service Solution
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Waresix Overview

Company Headquarters: Indonesia

Founded: 2017

Workforce: ~346

Company Working: Waresix works as a logistics integrator, providing integrated solutions including trucking, warehouse, sea-transport to address Indonesia's logistics challenges. Waresix is a startup that connects businesses with expert warehouse operators on-demand basis. The company provides cloud-based platform for its clientele to manage reservations, oversight of operations such as inventory management and shipping, as well as contracts and payments across several warehouses. Waresix is operating with more than 1,500 enterprise consumers and 50,000 trucks along with 32 cold storage warehouses throughout Indonesia.

Strategy

Waresix focuses on developing customized warehousing and logistics solutions for clients in different industries and sectors. The company leverage its expertise in diversified markets to offer unique and tailored solutions that cater to the specific needs of its clients. Beazley focus is on strategic partnerships and fund raising to enhance its risk assessment and management capabilities. It has recently acquired the supply chain company to leverage the cost benefits for the consumer, such strategies are helping the company gain a significant competitive advantage in the market.

Company Snapshot

346

Employees

2017

Founded

Indonesia

Headquarters

Key Developments

DateApproachDevelopment
December 2020AcquisitionWaresix, acquired Trukita, a supply chain company to connect businesses with shippers and warehouses, and to allow clientele to reduce consumer costs.
September 2020Fund RaisingWaresix, closed a USD 100 million funding round led by Softbank Ventures Asia and Indonesian company Emtek to promote Waresix logistics and warehousing operations.
July 2019Fund RaisingWaresix, raised series A funding of USD 14.5 million, withing 8 months after its USD 1.6 million pre-A round. This fund was raised from EV Growth, a Southeast Asia growth fund established by regional venture capitalists with participation from Indonesia's SMDV and Jungle Ventures, a Singapore-based VC that invests in category leaders.

Product Offering

  • Waresix
    • Warehouse as a Service Solution

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