Tiger Global, Temasek Inject More Capital for Waresix

By Editorial Team 13/04/2022
money injection
Summary

Logistics startup Waresix raised an additional US$50 million in Series B funding from several investors, including Tiger Global, Temasek, and East Ventures, Daily Social reported on April 12. This funding boosts Waresix's valuation to US$420 million, making it the most valuable logistics technology platform in Indonesia.

However, Waresix management or its investors have not commented on this matter. Waresix currently provides logistics technology for transportation and warehouse management solutions. Waresix has developed a Transportation Management System platform that allows entrepreneurs to manage shipments, monitor goods in real-time, and arrange administration in the transportation sector. As for warehouse management, 300 warehouse owner partners have collaborated.

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