Indonesia’s Astra, EverHaus close funding in logistics startup Trukita

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.