Waresix, an Indonesian end-to-end logistics tech startup, announced that it has grown 15 times compared to the previous year.
The company claims to handle over 100,000 metric tons equivalent of monthly transactions and is growing by 25% month-on-month.
“With the current rate at which our business is growing, we are projecting to be profitable soon,” says co-founder and CEO Andree Susanto.
“However, we [have decided] to reinvest into building a stronger team, infrastructure, and product.”
Waresix positions itself as a one-of-a-kind provider of a “holistic” approach to logistics, involving a wide range of elements that includes transport infrastructure, cargo, consolidation, warehousing, and more.
It runs a curated platform that connects individuals and businesses to warehouse operators, ground, and maritime transport providers.