SiCepat targets to raise over $100m, bags funding from Indies Capital

Seberang Menara Astra, Kuningan, Setia Budi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, Indonesia. Photo: Afif Kusuma/unsplash

Indonesia’s last mile-delivery startup SiCepat Ekspres is in the market to raise more than $100 million in fresh funding, three executives aware of the development told DealStreetAsia.

One of the executives said that $100 million was the minimum corpus being sought by the Jakarta-headquartered company and it could raise as much as double the amount.

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