Ritase, an Easy Target for Shipper or Waresix?

By Editorial Team 13/10/2022
logistics
Summary

Transportation startup Ritase is reportedly seeking buyers after laying off more than 50 percent of its staff this year. According to Tech In Asia sources, Ritase has talked with several logistics companies. Ritase is currently in advanced talks with fellow logistics startup Shipper, which is interested in acquiring the company for US$1 million.

Ritase is a marketplace platform that connects shippers and transporters. It offers a SaaS platform to vendors and customers with real-time shipment tracking, route optimization, and digital documents. Ritase also serves a financing business that helps trucking partners experiencing cash flow problems.

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