1. Startups

TransTRACK.ID Bags Seed Funding, to Enhance Logistics Fleet Management Products

A total of $570 thousand seed funding was obtained from Cocoon Capital, Accelerating Asia, and PT Modal Venture YCAB.

Officially launched in April 2019, the fleet management service provider TransTRACK.ID managed to close the seed funding round. Investors participating are including Cocoon Capital, Accelerating Asia, and PT Venture Capital YCAB.

Overall, they managed to raise an investment of SGD755 thousand (equivalent to $570 thousand or 8 billion Rupiah). Previously, TransTRACK.ID was one of DSLaunchPad 2.0. selected participants. This startup was founded by Anggia Meisesari and Aris Pujud.

"The fresh funds will be used to support product development and sales growth. Currently, TransTRACK.ID is also looking for strategic partnerships and networks for the next funding round," The CEO, Anggia said.

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