Triputra Group partners SF Express, Tokopedia to launch new delivery platform

Photo by Lucas Miguel on Unsplash

China’s SF Express, Indonesia’s Triputra Group and e-commerce unicorn Tokopedia have jointly set up a last-mile delivery platform,, with an initial investment of $50 million.

PT Adi Sarana Armada Tbk (ASSA), a Triputra Group company, holds a 55 per cent stake in the joint venture, with Tokopedia (25 per cent) and SF Express (20 per cent) holding the rest, ASSA CEO Prodjo Sunarjanto told DEALSTREETASIA.

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