waresix Valuation, Funding & Investors

waresix is valued at $420M as of April 2022.

Last waresix valuation

$420M

Series B · Apr 2022

Last waresix funding round

$27M

Undisclosed stage · Aug 2026

Cumulative funding waresix raised

$206M

across 7 funding rounds

Key investors in waresix

  • East Ventures
  • Jungle Ventures
  • SMDV
  • Tiger Global
  • Bossa Invest
  • Temasek

waresix Overview

About waresix

Waresix is a Jakarta-headquartered logistics platform in Indonesia matching unused warehouse space with e-commerce users alongside freight forwarding and land transportation services. It supports dynamic warehousing for retailers, distributors, and manufacturers adapting to fluctuating demand in Southeast Asia's growing online retail market.


Founded

2017

HQ

IndonesiaJakarta

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Valuation

$420M (Apr 2022)

waresix Valuation

waresix is currently valued at $420M, based on its Series B in April 2022.

The $50M round was led by Tiger Global, with participation from Temasek, East Ventures and Bossa Invest.

waresix valuation by funding round

waresix valuation by funding round
DateStageValuation
Apr 2022Series B$420M

waresix Funding History

waresix has raised a total of $206M across 7 funding rounds.

waresix's first fundraising round was a $2M seed round in October 2018. The most recent completed round was a $27M undisclosed-stage round in August 2026.

waresix funding rounds

waresix funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Undisclosed stageTiga Beruang Kalifornia; East Ventures; Granite Asia; Jungle Ventures$27M-Waresix raised about USD 27.4 million from existing backers in July 2026, with East Ventures participating through Sun Tzu Tech and subscribing to 64,801 preference shares valued at nearly USD 6 million; the round also included Granite Asia and Jungle Ventures, according to regulatory filings. The newly allotted shares were issued at an implied price of USD 92.57 per share, and East Ventures remained a major shareholder across multiple vehicles after the transaction. The financing appears to be a primary capital raise from existing investors rather than a change-of-control transaction, and the filings indicate participation by long-time backers alongside East Ventures. Waresix has repeatedly raised capital from East Ventures over time, including an initial seed round, a pre-Series A, a Series A led by EV Growth, and a later Series B fundraising that brought in a broader investor base. Waresix is an Indonesia-based logistics and warehousing technology company focused on on-demand warehousing, warehouse-network development, infrastructure, and cloud-based platform services. Earlier funding rounds were used to expand its warehouse network, improve warehouse efficiency through technology and data solutions, broaden business offerings, and hire staff.
Apr 2022Series BTiger Global (lead); Temasek; East Ventures; Bossa Invest$50M$420MWaresix is an Indonesian logistics technology platform founded in 2017 that provides warehouse-as-a-service and trucking solutions. The platform digitally transforms the warehousing and trucking sector by matching warehouse capacity with business owners seeking space, incorporating zero-integration cloud-based tracking systems and consolidation services. In April 2022, Waresix closed a Series B-III funding round for $50 million led by Tiger Global Management, with participation from East Ventures, Endeavor, and Temasek. The company had raised $153.5 million across seven funding rounds by that time.
Feb 2021Series B-$2M--
Sep 2020Series BEV Growth (lead); Redbadge Pacific; Emtek; SBVA; Jungle Ventures; Pavilion Capital$100M-Waresix is an Indonesian logistics technology company founded in 2017, providing e-trucking, first-mile and mid-mile trucking services, warehousing, and supply chain solutions across more than 100 cities in Indonesia with 40,000 trucks and 375 warehouses, serving over 250 corporate clients including Unilever, Indofood, and JD.ID. The company closed its Series B funding round in September 2020, raising approximately US$100 million from existing investors EV Growth (lead) and Jungle Ventures, as well as new investors Emtek Group, SoftBank Ventures Asia (SBVA), Pavilion Capital, and Redbadge Pacific. This followed an extended Series A of US$11 million in January 2020 from EV Growth and Jungle Ventures, building on prior rounds including a US$14.5 million Series A in July 2019 led by EV Growth and a pre-Series A of US$1.6 million in October 2018. The Series B capital was allocated to develop robust logistics technology infrastructure in Southeast Asia, expand operations amid rapid growth in trucking services despite COVID-19 disruptions, and build a world-class team to capture opportunities in Indonesia's $240 billion logistics market, challenged by its archipelagic geography. Waresix reported profitability on a net income basis since June 2019. Post-round, Waresix continued attracting investor interest for scaling in Southeast Asia's logistics sector, with total funding reaching around US$179-191.6 million across rounds by late 2020. The company positioned itself to address e-trucking innovations in a high-potential market, leveraging technology for cost predictability, data analytics, and supply chain control.
Jan 2020Series AJungle Ventures (lead)$11M-Waresix is an Indonesian logistics technology company operating a trucking and warehousing platform that connects shippers and businesses with available warehouses and trucks across Indonesia. The platform provides transparency, improved service quality, and higher income for asset owners, with an ecosystem reaching over 20,000 trucks and 200 warehouse operators as of mid-2019. It expanded into trucking to maximize space utilization and reduce empty miles. In January 2020, Waresix raised an $11 million Series A extension round led by Jungle Ventures and EV Growth, bringing the total Series A to $25.5 million following a $14.5 million tranche in July 2019. Overall equity raised reached more than $27.1 million in the prior 18 months, supplemented by debt and working capital facilities from regional banks. The funds supported enhanced technological capabilities, infrastructure development, and scaling operations amid rapid growth in first-mile and mid-mile trucking services despite COVID-19 disruptions. Waresix demonstrated strong traction with monthly revenues growing more than 30x in 2019 and achieving EBITDA profitability with best-in-class margins compared to Southeast Asian peers. Jungle Ventures highlighted the company's client acquisition and positive unit economics. By September 2020, it closed a $100 million Series B led by EV Growth, with participation from SoftBank Ventures Asia, EMTEK Group, Pavilion Capital, Redbadge Pacific, and others, serving over 250 marquee corporate clients including Unilever, Indofood, and Siam Cement Group.
Jul 2019Series AEast Ventures (lead); SMDV; Jungle Ventures$15M-Waresix is an Indonesian logistics technology platform that digitizes trucking and warehousing operations. The company raised US$14.5 million in Series A funding in July 2019, led by EV Growth (East Ventures' growth fund), with participation from Jungle Ventures and SMDV (Sinar Mas' investment arm). This round closed less than eight months after a pre-Series A extension of US$1.6 million in October 2018. The company planned to deploy capital toward research and development of data analytics capabilities to enhance supply chain visibility and operational efficiency, alongside hiring in data science, operations, logistics, finance, design, marketing, and sales. By early 2020, an extension brought total Series A capital to US$25.5 million. The company demonstrated significant traction in 2019, with monthly revenues growing more than 30-fold and achieving EBITDA profitability by year-end 2019, according to investor commentary. Post-money valuation and precise revenue figures for the Series A round were not publicly disclosed.
Oct 2018SeedEast Ventures (lead); Monk’s Hill Ventures (lead); SMDV; Gan Kapital; Triputra Group$2M--

Who has invested in waresix?

16 investors have backed waresix across its funding rounds, including East Ventures, Jungle Ventures, SMDV, Tiger Global, Bossa Invest and Temasek.

Lead investors include Tiger Global, EV Growth, Jungle Ventures, East Ventures and Monk’s Hill Ventures.


waresix Investors

Investors in waresix by funding rounds participated
InvestorHQRoundsRoleFirst check
East VenturesIndonesiaJakarta4LeadOct 2018
Jungle VenturesSingaporeSingapore4LeadJul 2019
SMDVIndonesiaJakarta2ParticipantOct 2018
TemasekSingaporeSingapore1ParticipantApr 2022
Tiga Beruang Kalifornia--1ParticipantAug 2026
Redbadge PacificSouth KoreaSeoul1ParticipantSep 2020
EmtekIndonesiaJakarta1ParticipantSep 2020
SBVASouth KoreaSeoul1ParticipantSep 2020
Granite AsiaSingaporeSingapore1ParticipantAug 2026
Gan KapitalIndonesiaJakarta1ParticipantOct 2018
Tiger GlobalUnited StatesNew York City, NY1LeadApr 2022
Monk’s Hill VenturesSingaporeSingapore1LeadOct 2018
EV GrowthSingaporeSingapore1LeadSep 2020

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Acquisitions by waresix

waresix has acquired 1 company to date.

Last acquisition by waresix was on December 17th 2020. waresix acquired Trukita for undisclosed valuation.


Latest Acquisitions by waresix

Trukita
Description
Trukita is Indonesia's leading digital freight marketplace connecting shippers with 50,000 trucks nationwide. The Jakarta-based platform facilitates 1 million tons of cargo monthly via its app for full truckload and less-than-truckload services, providing GPS tracking and digital payments to businesses like Unilever and Astra.
HQ CountryIndonesia
HQ City
Jakarta
Deal Date17 Dec 2020
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by waresix

waresix has invested in 1 company to date.

Latest investment by waresix was on September 6th 2022. waresix invested in Gokomodo in their $26M Series A round.


Latest Investments by waresix

Gokomodo
Description
GoKomodo is a Jakarta-based digital supply chain platform that connects agribusiness producers, traders, and buyers across Indonesia. It provides end-to-end services including commodity trading, warehousing at 20 facilities totaling over 100,000 metric tons capacity, logistics management, and financing solutions through partnerships with local banks. The platform processes millions of tons of commodities like palm oil, cocoa, and coffee annually, serving smallholder farmers and large exporters. Established in 2017, GoKomodo operates in key provinces such as Sumatra and Java, enabling transparent pricing and quality certification to reduce supply chain inefficiencies.
HQ CountryIndonesia
HQ City
Jakarta
Deal Date6 Sep 2022
RoundSeries A
Raised$26M
InvestorsEight Capital; SMDV; East Ventures; Sahabat Group; Sampoerna Strategic; K3 Ventures; Indogen Capital; Triputra Group
Valuationundisclosed
EV/Revenue
EV/EBITDA

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waresix Competitors

waresix competitors include listed companies like Shutterstock and Port Inc., and private ones like Sabi Am, Wasoko, Zubale and Reibus.

Public and private companies comparable to waresix
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Sabi AmNigeriaLagosPrivate--$300M-
WasokoKenyaNairobiPrivate--$625M-
ZubaleMexicoMexico CityPrivate--$270M-
ReibusUnited StatesAtlanta, GAPrivate--$750M-
ShutterstockUnited StatesUnited StatesPublicly listed$990M$158M$181M0.3x
Port Inc.JapanJapanPublicly listed$187M$34M$181M1.1x

waresix Public Comps

waresix is still privately-owned, but its public comps include En, Radiant Logistics, Kerry TJ Logistics, Mahindra Logistics, ZKH Group, Gloo, Stitch Fix, trivago, Tegma and Super Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
En$380M$45M0.7x0.8x6.2x5.5x
Radiant Logistics$934M$39M0.5x0.5x12.0x12.2x
Kerry TJ Logistics$403M$95M1.6x-6.8x-
Mahindra Logistics$730M$39M0.6x0.6x11.2x9.6x
ZKH Group$1.3B($19M)0.2x0.2x(13.6x)33.7x
Gloo$95M($136M)5.0x3.0x(3.5x)(11.4x)
Stitch Fix$1.3B($11M)0.2x0.2x(25.2x)5.4x
trivago$632M$13M0.5x0.5x24.3x10.9x

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Common questions about waresix

When was waresix founded?waresix was founded in 2017.
Where is waresix headquartered?waresix is headquartered in Jakarta, Indonesia.
Is waresix publicly listed?No, waresix is a private, VC-backed company.
What is waresix's valuation?waresix was last valued at $420M in its Series B in April 2022.
How much funding has waresix raised?waresix has raised $206M across 7 funding rounds.
What was waresix's last funding round?waresix's last funding round was a $27M undisclosed-stage round in August 2026.
Who are waresix's investors?waresix's investors include East Ventures, Jungle Ventures, SMDV, Temasek, Tiga Beruang Kalifornia, Redbadge Pacific, Emtek, SBVA, Granite Asia, Gan Kapital and 6 others.
Which companies are comparable to waresix?Companies comparable to waresix include Sabi Am, Wasoko, Zubale, Reibus, Shutterstock and Port Inc..
How many companies has waresix acquired?waresix has acquired 1 company, including Trukita.
How many companies has waresix invested in?waresix has invested in 1 company, including Gokomodo.
What was waresix's last investment?In September 2022, waresix invested in Gokomodo's $26M Series A alongside Eight Capital, SMDV, East Ventures and 5 other investors.

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