Indonesia’s SiCepat raises $170m in series B round from Falcon House, others

Indonesian logistics startup SiCepat announced that it has raised a total of US$170 million in investment, which included the US$50 million that the company raised in December 2020.

More funding details

• Investors: Falcon House Partners, Kejora Capital, the German Development Finance Institution, Asia-based Insurer, MDI Ventures, Indies Capital, Pavilion Capital, Trihill Capital, and Daiwa Securities
• Stage: Series B

More company updates

• With the fresh capital, SiCepat will further invest in its logistics services and infrastructure and potentially explore expansion into other markets in Southeast Asia.
• The company claims it is closer to attain unicorn status, which is valued at over US$1 billion.
• It currently provides last-mile, warehousing and fulfillment, and commerce-enabling services, as well as online distribution and middle-mile logistics.
• Founded in 2014, the logistics startup claims it was profitable and able to fulfill more than 1.4 million packages per day in 2020.
• In April 2019, the company raised US$50 million in its series A round from Kejora InterVest Growth Fund.

For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.