Since its earlier investment round, TransTRACK has achieved significant growth of up to 20% month-to-month (MoM).
Heaptalk, Jakarta — A tech enabler startup focusing on digitizing fleet vehicle operations, TransTRACK, has bagged new funds at USD2.1 million, or equal to Rp31 billion, in a Pre-Series A round led by Ortus Star. This round also is followed by its existing investors, including Cocoan Capital and YCAB ventures, and new investors, spanning Goldbell Investment, NP Consulting Damson Capital, as well as multiple angel investors.
According to the Founder and CEO of TransTRACK, Anggia Meisesari, in the official press release, this startup will use the capital to create a more significant value and expand the business reach to about 100 cities in Indonesia and Southeast Asia, including Malaysia, Singapore, Thailand, Cambodia, and Vietnam, by preferring end-to-end supply chain solution for businesses in the region.
“We hope to deliver a better consumer experiences through more comprehensive services by maximizing their movement through fleet optimization,” Anggia added.
Previously, this logistics startup seized its seed round worth US$570,000, or approximately Rp8 billion as of August 2021, from Cocoon Capital, Accelerating Asia, and YCAB Ventures. Since its earlier investment round, TransTRACK has achieved significant growth of up to 20% month-to-month (MoM). Besides, the company has reached over 34 cities and served over 600 clients. Also, this startup contains more than 50,000 subscriptions in diverse industries, such as logistics, public transportation, agriculture, mining, manufacturing, and government public service.
Founded by Anggia Meisesari and Aris Pujud in 2019, TransTRACK’s solutions are claimed to enhance productivity by up to 40%, such as reducing overtime expenses, fuel, human resources, and total mileage by digitizing company fleet operations. The primary solutions include Fleet Management System, Transportation Management, and Truck Appointment System.
On the other hand, TransTRACK also proffers complete visibility across the entire supply chain in a single platform for increased customer engagement, new revenue streams, and margins as an end-to-end logistics solution.
In response to this investment, Ostus Star’s Representative, Sam Sumantri, delivered that TransTRACK has proven to be the fastest-growing company in the industry. By injecting the new fund into this startup, Sam believes the company would preserve its remarkable growth in the coming years and create added value for numerous stakeholders in the industry.
