Indonesia's MDI Ventures backs Waresix, Paxel in hushed logistics bets

Photo by Markus Spiske from Pexels

Indonesia’s MDI Ventures, the venture capital arm of state-owned telco firm Telkom Indonesia, has made hushed bets in logistics startups Waresix and Paxel, DealStreetAsia has learnt.

Waresix, which last year raised $100 million from investors including SoftBank and Emtek, provides warehousing and trucking services, while Paxel offers same-day delivery service and a smart locker network.

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