Indonesian logistics startup Paxel said to have raised $10m led by co-founder

Indonesian logistics startup Paxel said to have raised $10m led by co-founder

Indonesia-based Paxel, an app-based logistics startup that promises same-day delivery service, is said to have raised has raised as much as $10 million led by its co-founder Johari Zein, according to sources familiar with the development.

That is not all. The startup is also in talks with venture capital firms such as East Ventures, Agaeti and SMDV to garner funding. Negotiations are understood to be at an advanced stage.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter