Jakarta, Indonesia - 3 November 2020: Logisly, a B2B tech-enabled logistics platform based in Indonesia, today announced a new round of series A funding of US$6 million, led by Monk’s Hill Ventures.
The funding will be used to scale Logisly’s operations in Indonesia, by growing their sales and vendor acquisition teams to strengthen its network of shippers and transporters and product development. This includes providing tools for shippers and transporters to improve their business operations.
Logisly CEO and Co-Founder, Roolin Njotosetiadi said, “We are focused on digitizing the logistics industry in Indonesia, which remains largely fragmented. The industry continues to face a plethora of challenges such as fragmented ecosystem players, high logistics costs, manual processes and unreliable drivers and transporters.
As the logistics industry continues to grow, our vision is to increase logistics efficiency in Indonesia through technology. Our platform utilizes an algorithm to aggregate supply and demand for trucking, providing shippers with reliable and verified trucks powered by real time tracking and digital PODs, while offering trucking providers a facility to utilize idle or vacant trucks and receive quick payment. Through our managed platform, we aim to optimize the utilization of trucks and provide more certainty in managing supply chains through a wide network of reliable transport, order transparency, and automation.”
Logisly’s platform connects shippers with trucking providers from verified corporate carriers under their network in Indonesia. Shippers and trucking providers use Logisly’s platform as a single point of contact for orders, payment, and tech support.
“With the Logisly platform, we are able to book reliable trucks with ease, ensuring efficient and on-time deliveries. Logisly’s real-time tracking technology helps us monitor our orders and troubleshoot around the clock from loading, the journey, unloading, and return, making the shipping process as seamless and transparent as possible,” said Erinditio Kusumo, Regional Development of JD.ID, a subsidiary of Chinese e-commerce giant JD.com that operates an e-commerce platform in Indonesia.
“Roolin and Robbi have made great strides in solving the large inefficiencies in the Indonesian B2B logistics industry and driving its long overdue digitalization. The team’s approach of a tech-driven marketplace combined with a lean and obsessively efficient operations center provides instant value to both truckers and shippers which sets them apart in this $100 billion-plus race. While there is still hard work ahead, in only a year and a half into their journey, the team has grown and managed astutely, already achieving positive contribution margins,” said Justin Nguyen, Partner at Monk’s Hill Ventures.
Logisly currently serves more than 300 corporate shippers from various sectors, including fast-moving consumer goods, chemicals, construction and e-commerce. This includes Unilever, JD.ID, Haier, Grab and Maersk, among others. With a network of more than 40,000 trucks, Logisly provides shippers with 100% availability of cost-efficient and reliable trucks to meet the demands of shippers.
About Logisly
Logisly is a tech-enabled B2B e-forwarding logistics company that connects shippers with trucking companies from a network of verified corporate carriers.
Founded in 2019 by Roolin Njotosetiadi and Robbi Baskoro, Logislý’s mission is to increase Indonesia’s logistics efficiency through technology. By digitizing the truck ordering process, Logisly aims to ease the high cost of logistics in Indonesia by increasing utilization of trucks and providing more certainty in managing supply chains through a wide network of reliable transport, order transparency, and automation.
Since 2019, Logisly has partnered with more than 1,000 businesses across Indonesia. This includes over 300 corporate shippers from various sectors, including fast-moving consumer goods, chemicals, construction, and e-commerce.
Logisly was nominated as one of the “Best Newcomers Startups” by Tempo Media Group in 2019 and featured on LEVEL3 and Unilever Foundry’s “The Southeast Asia Startup Landscape” list.
