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SiCepat Logistics Secures 2.4 Trillion Rupiah Series B Funding
Claimed to be the largest Series B funding round in Southeast Asia. Fresh funds will be used to tighten the leading position of end-to-end logistics services in Indonesia
Yenny Yusra - 5 March 2021
Last-mile logistics player, SiCepat secured a Series B funding worth $170 million or 2.44 trillion Rupiah. The number is claimed to be the largest for the Series B stage in Southeast Asia. Investors in this round including Falcon House Partners, Kejora Capital, DEG (German Development Finance Institute), Asia-based insurer, MDI Ventures, Indies Capital, Pavilion Capital (a subsidiary of Temasek Holdings), Tri Hill, and Daiwa Securities. .
In DailySocial observation, SiCepat Ekspres had proceeded transactions of IDR 3.5 trillion during 2020, an increase of 194% compared to 2019 with a total shipment of 180 million packages throughout Indonesia.
Pandemic drives business growth
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