Deliveree Logistics Platform Completes 1 Trillion Rupiah Series C Funding

Logistics technology company operating marketplacetrucking and large-scale cargo in Indonesia, Deliveree, completed a $70 million (approximately IDR 1 trillion) Series C funding round led by Gobi Partners and SPIL Ventures. Inspire Ventures, the company's former investor, also took part in this round. In total they have raised $109 million (1,6 trillion Rupiah) in funding over the last five years.

The company plans to use the fresh funds to increase market penetration, expand the types of services in line with the presence of container cargo solutions, and carry out large-scale developments needed to become marketplace logistics available in all corners of Southeast Asia. In addition, this funding will also be used to improve services for the tens of thousands of businesses that rely on Deliveree every day.

"At Deliveree, our mission is to digitize logistics by making cargo transportation simple, affordable, flexible and scalable for businesses of all sizes. This is realized through the power of our marketplace platform that connects logistics customers with large transport networks and service providers – which I call it Logistics Mega Marketplace,” said Deliveree Co-Founder & CEO Tom Kim.

According to Gobi Partners Managing Partner Kay Mok, the post-pandemic has the potential to experience inflation, which is also marked by supply chain problems. Deliveree's technology platform enables optimization and reduction of total operational costs for the shipping and logistics industry.

“With our strategic investment in Deliveree, we can give them the capability supply chain operations which is a strong and a first in its industry, by harmonizing land and sea transportation modes. This enables Deliveree's technology platform to offer a wider and more extensive logistics solution trucking land with inter-island coverage, strategically supported by the SPIL container ship network that serves all major ports in Indonesia,” said Widarta Liunanda from SPIL Ventures.

Business and technology scalability

In the last 24 months, Deliveree claims to have increased its gross transactions by 3,2 times to a value of $100 million this year. The company has increased the capacity of its team to almost 500 employees in four countries which makes the company into the list of the 5 largest cargo carriers in Indonesia, the Philippines and Thailand.

At the end of 2021, Deliveree announced the service Partial Load to accommodate the needs of businesses that want to send goods, cargo, even large/small packages without having to rent a full vehicle. This solution digitizes partial loading services that are already present in conventional logistics companies by utilizing smart algorithms.

When an order is placed, the Deliveree algorithm will calculate the most optimal and efficient route from the combined cargo of business people with other businesses. This has an impact on cost efficiency and the fastest delivery estimate because it considers distance and time. The entire ordering process is done either through the app or the website.

Menurut 2021 data, Indonesia's total logistics market reaches $240 billion or more than Rp3300 trillion. So far, there has been a logistics unicorn (J&T) and a number of soonicorns (Shipper, SiCepat, Waresix) in the logistics sector, especially those dealing with the B2B segment.