Andalin Announces Continued Funding Worth 57 Billion Rupiah

Andalin announced the acquisition of additional funding of $4 million or equivalent to 57,2 billion Rupiah led by Intudo Ventures. A number of investors were involved including Cardig Group, Beenext, and other strategic investors.

This funding continue to earn series A obtained by the company in March 2021, at that time BRI Ventures was involved. While Beenext previously led Andalin's initial funding in 2020.

The fresh funds will be focused on increasing the presence of Andalin products in the local market, including strengthening its position in eastern Indonesia. The team will also be strengthened, from 100 targeted to 200. In addition, a number of new product innovations will soon be rolled out, such as financing, trading platforms for producers and distributors, etc.

Focus on export-import management solutions

Established since October 2016, Andalin's focus is on providing digital services that make it easier to manage cross-border goods shipments (cross borders). Including having a B2B model to help shipping companies in Indonesia find affordable cargo transportation -- by plane (Air Cargo & Air Courier) or by ship (Full Container Load & Low Container Load).

Through the Andalin platform, customers can communicate, track, and schedule shipments of goods to various global destinations. Also monitoring real-time with Andalin Go . app which was launched last year. With the efficiency of supply chain processes, it is expected to help customers reduce shipping costs, simplify administration, and make deliveries on time.

“We started Andalin with the vision of simplifying Indonesia's international trade by integrating its highly fragmented services ranging from logistics, finance and other trade services into one platform. Indonesia's export-import value grew from around $300 billion in 2020 to $430 billion in 2021, a remarkable growth especially during the pandemic," said Andalin Co-Fonder & CEO Rifki Pratomo.

Andalin Technology tries to solve this issue with a presence at 200 port global and 200 service partners worldwide. From February 2021 to December 2021, Andalin's monthly revenue grew by 690%, coupled with a 10,6x increase in the total number of containers shipped.

Besides Rifki, Andalin was also founded by Ivhan Famly Gunawan (CTO) and Saut Tambunan (COO).

“Indonesia is at the crossroads of global trade routes and now occupies an increasingly prominent position in the supply chain with many global brands leveraging the consumer base of developing countries and rich natural resources. Built from a suite of cutting-edge digital freight forwarding services, Andalin brings Indonesia to the world and the world to Indonesia, simplifying the export-import process from start to finish," said Patrick Yip, Founding Partner of Intudo Ventures.

Logistics startup development

For export-import logistics solutions, startups that are present in the market can still be counted on the fingers. Apart from Andalin, platforms that offer similar solutions include Tera Logistics, Allsome, and Janio.

Meanwhile, the issue of logistics within the country itself (for domestic shipments) also still leaves many challenges – especially in the midst of rapidly increasing demand due to E-commerce. So most players are still focused on solving these issues, starting from supply chain leaders, vehicle management, to logistics management.

Logistics innovation also received good support from investors. Until 2021, DailySocial.id noted a number of startups that have received good support from investors, including: