B2B Logistics Startup "Envio" Pockets Initial Funding

B2B logistics startup Shipping pocketed early stage funding (pre seed) with an undisclosed amount from Antler, Iterative, and a number of angel investors other. This funding will be used to accelerate Envio's business growth in 2022.

Envio was founded by Richard Cahyanto and Alif Amri Suri in 2021, who are now taking the positions of CEO and CTO, respectively. Combining their 20 years of experience in logistics, Richard and Alif built Envio as a digital logistics solution for the MSME segment to the upper middle class. 

"With this funding, we will reach more partners in logistics operators in various verticals. We will also develop technology through the best digital logistics solutions for our business partners," said Founder and CEO of Envio Richard Cahyanto in his official statement.

Envio has an integrated logistics ecosystem with various choices of transportation modes in one place, so as to increase the efficiency of users' logistics needs. Currently they operate 35 modes of air and sea transportation, 5000 modes of land transportation, and 50 warehouse management and supply of goods throughout Indonesia. 

This integration allows Envio to increase logistics coverage throughout Indonesia and reduce delivery times to more than eight hours. That way, the delivery of goods reaches the recipient's hands faster. Users can also monitor the delivery process online real-time and get delivery analysis reports.

Partner at Antler Subir Lohani added that he was impressed with the way Envio digitized the logistics system to deliver services end-to-end faster and more efficient for its business partners. "We believe this innovation can significantly drive Envio's growth and become a new standard in B2B digital logistics services," said Subir. 

Train E-commerce and instant culture

Based on the e-Conomy SEA 2021 report, growth E-commerce in Indonesia continues to increase by 49% compared to 2020. Then, 65% of people shop for their daily needs through digital platforms (e-grocery).

From this explanation, Richard assessed that the potential of the logistics industry is still very large. This is also triggered by the rise of the trend instant culture among retail consumers and businesses driven by the e-commerce industry and its derivatives, such as e-grocery and quick commerce. This service relies heavily on a strong logistics network.

One of the reasons Envio got into B2B was because of the logistics industry and supply chain leaders For B2B actors, it is synonymous with high complexity with the involvement of many driving components, such as operators, subcontractors, and warehousing.

Logistics service providers are required to adapt in order to answer the need for higher service speeds. For this reason, Envio strives to provide a fast and convenient transaction experience real-time as the shopping experience in e-commerce in general.

Currently, Envio has served more than 30 business partners for national logistics, through eight branch offices spread across Indonesia.

"We believe this initial step through funding can encourage Envio to build innovative infrastructure as one of the main driving forces of the economy. We will build the next generation logistics ecosystem by leveraging technology and strategic partnerships by connecting businesses to logistics, analytics and consumer capacity," added Richard.

Based on reports Ken Research, Indonesia's logistics market is estimated to reach a value of $200,3 billion with a CAGR of 7,9% in 2024. This value includes the business of freight forwarding, freight forwarding, warehouse, express and parcel (CEP), up to cold chain logistics.