Indonesia’s leading car-to-banking conglomerate Astra International and early-stage venture capital firm EverHaus have invested in freight and trucking marketplace Trukita, Dealstreetasia has learnt.
The deal size is less than $1 million. When contacted, both EverHaus and Trukita declined to comment on the development. However, Astra said it does not want to comment on ‘market rumours’.
Sources indicate that Trukita is still in the final leg of deal closure but the investment has already been made.
We were the first to break the story in July.
Connecting businesses with trucking companies, Trukita claims to be one of Indonesia’s leading marketplaces for freight and trucking. It using blockchain and machine learning and helps companies track real-time development, analyse their businesses, pay online, and optimise their supply chain.
This marks yet another transaction in the country’s burgeoning logistics sector. Other prominent deals in the sector are Golden Gate Ventures investment in Ritase investment, and Waresix’s fundraising by EV Growth.
Astra, which is one of the largest distributors of cars and motorbikes in Indonesia, is present in sectors such as financial services, heavy equipment, agribusiness, information technology and infrastructure, among others.
In the logistics space, Astra’s subsidiary PT Serasi Auto Raya offers services such as freight forwarding and warehousing among others. Industry insiders see the conglomerate’s investment in an online logistics company as complementing its existing services and expanding its scope of operations.
EverHaus, one of the youngest VCs in Southeast Asia, primarily focuses on the Indonesia market. It invests across sectors in pre-seed to pre-Series A deals ranging up to $500K. The VC firm currently counts Pomona, Aino and Paybill among its portfolio firms.