Indonesian shipping platform Andalin raises Series A funding and other SE Asia deals
Summary
Jakarta-based Andalin announced that it will use the fresh funds towards establishing freight consolidation infrastructure and expanding its branch offices in the international port cities of Semarang, Surabaya, Medan, and Makassar. The company aims to simplify the complicated process of cross-border export-import and thereby encourage Indonesia’s small and medium enterprises (SMEs) to have a more prominent presence in the international market. It raised an undisclosed amount in its pre-Series A funding round backed by Beenext, Access VC, and ATMP Capital in October 2020. Andalin CEO Rifki Pratomo said the company sees an opportunity in digitising first-mile logistics, simplifying the often convoluted and opaque sourcing process for MSMEs while reducing cost barriers. DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia in the week beginning March 15.
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