SoftBank-backed Waresix acquires Indonesian logistics startup Trukita

Indonesian logistics startup Waresix today announced it has acquired Trukita, a logistics technology startup that offers freight and trucking services in the first-mile space.

Financial details of the deal were not disclosed.

Waresix co-founder and CEO Andree Susanto (left) and Trukita CEO and co-founder Ady Bangun / Photo credit:

With the acquisition, Waresix looks to expand its reach into the first-mile logistics space and enhance its existing range of offerings for shippers and transporters.

Trukita operates a freight and trucking marketplace platform in Indonesia that connects businesses to tech-enabled trucks in the country. It offers real-time tracking, business analysis, online payments, and supply chain optimization features as well.

Meanwhile, Waresix offers end-to-end logistics services catering to the supply chain, including trucking, warehousing, multimodal transport, and vendor management. It currently focuses on the mid-mile logistics services space in Indonesia by connecting shippers and businesses to available trucks and warehouses.

“This [deal] 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,” said Andree Susanto, co-founder and CEO at Waresix.

He added that the deal will allow Waresix to gain access to a network of over 10,000 trucks and hundreds of new customers, positioning the firm to tap into Indonesia’s US$12 billion port logistics market.

Founded in 2017, Waresix claims it currently operates in more than 100 cities in Indonesia and manages over 40,000 trucks and 375 warehouses.

Earlier this year, the company raised US$11 million in an extended series A round from EV Growth and Jungle Ventures, as well as US$100 million in a series B round from Jungle Ventures, EV Growth, SoftBank Ventures Asia, Emtek Group, Pavilion Capital, and Redbadge Pacific.