Indonesian logistics startups Ritase, Waresix close to raising funds

Indonesian logistics startups Ritase and Waresix, which are focused on middle mile-delivery or transport of goods from warehouses to retailers, are in advanced talks to raise funding, said sources privy to their fundraising plans.

Waresix is understood to be in the process of finalising a $50-million round and “the transaction is expected to close soon,” said one of the persons mentioned above. While its existing investors such as EV Growth and Jungle Ventures are expected to participate in the round, there is one new player in the fray as well, the person added on condition of anonymity.

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