Quipster Up to Expansion After Securing Chailease Holding’ Funds

By Editorial Team 22/05/2023
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Summary

Quipster, a construction equipment provider, has secured its Pre-Series A funding round from a group of investors led by Chailease Holding, a Taiwan-based company. Quipster CEO Erwin Subroto stated that the company would use the fund to digitize the construction industry’s supply chain and expand its presence in several cities in Indonesia.

Erwin said Quipster had supported more than 500 construction projects nationwide, resulting in boosting the contractors’ annual revenue growth up to 300 percent. “Quipster is poised to digitize the construction industry’s supply chain with a comprehensive solution for sourcing materials and heavy equipment,” he said on Friday.

Commenting on this, Chailease Holding Chief Strategy Officer Kevin Lao acknowledges that only some startups in Indonesia could address the challenges in the construction industry. He added that Quipster could integrate the industry from upstream to downstream.

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