press enter to search

Triplogic startup becomes part of East Ventures fund portfolio

News Desk

The Jakarta Post

Jakarta  /  Fri, May 3, 2019  /  03:31 pm
Triplogic startup becomes part of East Ventures fund portfolio

Triplogic plans to allocate its recent seed funding to product and tech enhancement, as well as to logistics network expansion by partnering with SMEs to become their shipment drop points. (East Ventures/File)

Triplogic, an Indonesia-based startup company that provides end-to-end last-mile delivery services (delivery from transport hub to final destination), including logistics, goods delivery, fulfillment and distribution, announced in a statement on Tuesday that it has secured seed funding from East Ventures.

Founded by Oki Earlivan, Rowdy Fatha and Krisna Adiarini, Triplogic aims to present its services to a customer base that ranges from corporate distributors, e-commerce retailers, online and offline small and medium enterprises (SMEs), to individual users who occasionally ship goods.

Oki said in the statement that Triplogic is not just an ordinary logistics company that only does parcel delivery.

“We are an end-to-end partner,” said Oki. "As a logistics-as-a-service (LAAS) company, we focus on creating a strong supply chain ecosystem."

The company claims to be able to fulfill instant [last mile] delivery (within three hours) using drop shipping points in SMEs and local shops, in the form of smart lockers and drop boxes.

Triplogic serves its corporate clients with trucks and vans for deliveries to kiosks and local shops, with cash-on-delivery payment as an option. Meanwhile, for its SMEs and retail customers, the company offers same-day and next-day delivery services for both intra- and inter-city demands, utilizing shipment drop points.

Customers could use the app to book and schedule deliveries, or leave packages at the nearest drop points and have the agents schedule deliveries.

Regarding the seed funding it received recently, Triplogic plans on allocating them to product and tech enhancement, as well as to logistics network expansion by partnering with SMEs to become their drop points.

The company, currently operating in 61 cities across Indonesia including Jakarta, Bandung, Surabaya, Yogyakarta and Palembang, aims to add more than 15,000 drop points in 2019 to be able to serve more customers quickly with an extensive network.

Read also: Food versus fintech: Go-Jek, Grab in race to be super app

East Venture partner Melissa Irene said that her company has invested in a wide range of companies within the commerce and supply chain ecosystem, citing as examples Waresix (on-demand warehousing), Warung Pintar (a company that empowers small shops with technology) and Sirclo (an e-commerce technology company that helps online shops with a template-based online store builder and a tech-driven channel management service).

She also said that all the e-commerce platforms that East Venture has invested in create value by helping customers obtain products easily and by creating seamless online-to-offline experiences.

“We [at East Ventures] realize that Triplogic, as the last-mile player, is the missing piece in the puzzle of our core supply chain ecosystem and it fits perfectly,” said Melissa. (sop/mut)