The supporting cast in Indonesia’s ecommerce boom

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Hello readers,

I love online shopping. There’s just something magical about buying an item online and having it appear at my doorstep a few days later, though my credit card statement might beg to differ. Even unwrapping the package to get to my purchase makes me almost feel like it’s Christmas all over again, especially when it’s something I’m particularly excited about.

Ecommerce is on the rise all over the world, but it would be nothing without its supporting cast. From ecommerce enablers that help traditional businesses go online to logistics players that make sure your orders get to you in one piece, these supporting verticals are on the up and up.

Today we look at:

• The logistics players and ecommerce enablers in Indonesia
• Grab’s demands in its potential merger with Gojek
• Other newsy highlights such as a million-mile battery for electric cars and how the death of a Pinduoduo employee has increased scrutiny of China’s big tech firms

PREMIUM SUMMARY

The companies behind the scenes of the ecommerce boom

Ecommerce is one of the fastest-growing industries in Indonesia, so it’s no surprise that verticals supporting the sector – namely logistics and ecommerce enablers – are on the rise as well. As a result, we decided to map them out, exploring the key players and the funding that’s gone into the space.

• On the up and up: Funding into the logistics and ecommerce enablers in Indonesia has risen tremendously in recent years, going from US$89.2 million in 2018 to US$517.63 million in 2020.
• Big bucks: Case in point: Waresix, which provides on-demand warehouse services, sits at the top of our funding records, having secured US$77.5 million in Series B funding last year.
• It’s a motley crew: There are many companies trying to get a slice of this pie, from legacy third-party logistics players like FedEx and DHL to new ecommerce enablers like Sirclo and N-Squared.

Read more: The key logistics players and enablers of Indonesia’s ecommerce industry

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