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, Anteraja.id, 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.

While the JV was created in July 2018, Anteraja started trial operations recently in March 2019. The stakeholders have made an initial investment of $50 million but are expected to inject as much as $200 million to ramp up operations, according to Prodjo.

“Since e-commerce is growing exponentially, last-mile delivery will be playing an important role to support its growth. Hence our group is setting up a JV to tap these opportunities since Indonesia is a big market for logistics,” he said.

Anteraja.id plans to cater to online retail and e-commerce players but will not limit itself to working with Tokopedia. It will also offer B2B services, including e-fulfilment and smart locker services.

ASSA provides transportation services that include vehicle rental for corporations, logistics, helicopter services, and sales of used cars.

SF Express is a Chinese delivery services company based in China. It is the second largest courier company in the country and provides domestic and international express delivery.  It has transported around 2 million tonnes of cargo since its inception.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.