Indonesian Logistics Startup Shows Tremendous Traction, Earns Investment of 8,4 Trillion Rupiah Over the Last Three Years
Active local venture capitalists are at the forefront of providing support to Indonesian logistics startups
There are many supporting sectors in the growth of the digital economy in Indonesia. Logistics is one that has a crucial role in being the backbone of the business e-commerce, which accounts for the largest GMV in national digital economy.
According to data from the Association of Indonesian Express, Post and Logistics Delivery Service Companies (Asperindo), currently there are 561 logistics business listed, consists of various types of services, with the majority focusing on delivery services [fleet providers]. In reality, Indonesia's logistics needs have not been fully met – has not kept pace with the pace of business E-commerce that reaching ~14,8% CAGR between 2020-2023.
If you look at more specific issues, there are still many frictions in this business vertical. Take the example of how freight transport can increase effectiveness. So far, when a fleet departs to its destination carrying a full load of freight, it must return home to find an empty tub. Whereas. if it can be filled when going home and going, the operating costs incurred can be more effective.
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