Barito Pacific tapped its corporate venturing unit to take part in the round, which will go to increasing the size of the logistics service provider's fleet of vehicles.
Indonesia-based e-commerce logistics provider Sicepat Ekspres has raised $50m in a series A round that included Barito Teknologi, the corporate venturing vehicle for petrochemical producer Barito Pacific, DealStreetAsia reported yesterday.
The round closed in 2018 and included Kejora InterVest Growth Fund, a joint investment vehicle owned by venture capital firms Kejora Ventures and InterVest Co.
Founded in 2014, Sicepat provides logistics services to online merchants in its home country, assisting in warehousing and courier, air and cargo delivery, and currently helps deliver…
