<article>Indonesia-based logistics startup Triplogic has secured an undisclosed amount of seed funding from early stage VC firm <a href="https://www.dealstreetasia.com/tag/East-Ventures/">East Ventures</a>.</article>

Indonesia-based logistics startup Triplogic has secured an undisclosed amount of seed funding from early stage VC firm <a href="https://www.dealstreetasia.com/tag/East-Ventures/">East Ventures</a>.
In an official statement, the startup said, it will use the fresh capital to push product development, tech enhancement, as well as to expand its logistics network by partnering with SMEs.
Based in Bandung, Triplogic offers an on-demand logistics service that provides inter- and intra-city last mile delivery services within Indonesia by making use of latent commercial spaces.
The company is able to fulfill instant delivery by establishing drop shipping points in SMEs and local shops. These come in the form of smart lockers and drop boxes for parcels to be designated. As the company gains more deliveries, it is able to conduct predictive analyses to strategically select the next location for its drop shipping points.
The company, which caters to retail users, SMEs, and corporate clients, is adding more partners to grow the network, as it is planning to scale operations to fulfill instant delivery across Indonesia. This will enable them to serve more customers quickly with an extensive network, instead of adding resources slowly as they grow.
The startup is currently operating in 61 cities across Indonesia, including major urban areas like Jakarta, Bandung, Surabaya, Yogyakarta, and Palembang while partnering with over 1,600 SMEs.
For East Ventures, the funding for Triplogic is the latest in the e-commerce and supply chain ecosystem. The VC has previously invested in warehouse company Waresix, micro-retail startup Warung Pintar and SME website builder Sirclo.
“All the e-commerce platforms we have invested in create value by helping customers obtain their products easily, creating a seamless online-to-offline experience; the recent example, Fore Coffee. We realized that Triplogic, as the last mile player, is the missing piece in the puzzle of our core supply chain ecosystem, and it fits perfectly,” East Ventures Partner Melisa Irene.
Apart from deploying capital from its early stage fund, East Ventures also co-manages a growth stage fund with SMDV and Yahoo! Japan Capital called EV Growth, which it has used to top up its investments in portfolio companies.
Among the East Ventures-backed startups that have received investment from EV Growth are Warung Pintar and IDN Media.
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Indonesia-based logistics startup Triplogic has secured an undisclosed amount of seed funding from early stage VC firm East Ventures.

East Ventures invests in Indonesian logistics startup Triplogic

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East Ventures invests in Indonesian logistics startup Triplogic

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