Tech News, Magazine & Review WordPress Theme 2017
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
United States Supply Chain Management Council
No Result
View All Result
Home Supply Chain Updates

Indonesia retail tech startup buys supply chain platform

usscmc by usscmc
February 25, 2021
Indonesia retail tech startup buys supply chain platform
Share on FacebookShare on Twitter

JAKARTA — Indonesia’s micro-retail tech startup Warung Pintar announced on Wednesday the acquisition of supply chain platform Bizzy Digital for $45 million.

The deal brings together Warung Pintar’s front-end retail digitalization capabilities and Bizzy’s supply chain strengths for faster distribution of consumer goods.

“Having Bizzy Digital as part of the bigger Warung Pintar ecosystem will enable us to guarantee product reliability, availability and fair pricing by working hand-in-hand with the brands’ distributors,” Warung Pintar cofounder and CEO Agung Bezharie said.

The deal combines two entities that work with 600 brands and serve 230,000 retailers in 65 cities across Indonesia. Despite the pandemic in 2020, OVO-backed Warung Pintar claims to have increased the number of retail kiosks to 60,000 in November 2020. The company plans to acquire 300,000 kiosks in the first quarter of this year.

“As Bizzy Digital becomes part of Warung Pintar, there will be no other player as integrated up and down the supply chain. This combination will enable us to serve brands and distributors with unprecedented value-added, data-driven strategy at scale,” Bizzy Digital CEO Andrew Mawikere said in a news statement.

“As a common shareholder in both companies, we find strong synergy and efficiency by combining the two companies,” East Ventures co-founder Willson Cuaca said. “Warung Pintar comes from a demand-side platform and Bizzy Digital comes from a supply-side platform. Combined, they will be able to serve both consumers, retailers and brands in the most effective way.”

Founded in 2017, Warung Pintar has raised $35.5 million from East Ventures, OVO, SMDV, Vertex Ventures, Pavilion Capital, Line Ventures and others.

Warung Pintar had earlier in 2019 acquired East Ventures portfolio company Limakilo, a platform that simplifies the food supply chain by connecting farmers to food stalls and vendors.

In October 2020, Warung Pintar partnered with local accounting platform BukuWarung to develop digital solutions for micro, small and medium enterprises in areas such as digital bookkeeping and stock fulfillment.

Meanwhile, backed by Indonesian conglomerate Sinarmas Group, Bizzy transformed itself from an e-procurement marketplace to a supply chain platform for fast-moving consumer goods. Bizzy is said to have raised $12 million in its funding rounds from SMDV, East Ventures, Ardent Capital, Maloekoe Ventures and others.

For the original story from DealStreetAsia, click here.

DealStreetAsia is a financial news site based in Singapore that focuses on private equity, venture capital and corporate investment activity in Asia, especially Southeast Asia, India and greater China. Nikkei owns a majority stake in the company.

usscmc

usscmc

No Result
View All Result

Recent Posts

  • Why AP is a fundamental partner to procurement
  • Digital Transformation Strategy Consulting Market Size, Demand, Strategic Assessments and Forecast 2021-2025| Mercer LLC, Terrabit Consulting – KSU
  • Know Which Factors are increasing Compound Annual Growth Rate (CAGR) of Strategic Sourcing Software market in upcoming year? – SoccerNurds
  • Global Enterprise SaaS Market Growth- ACCENTURE, AKAMAI, APPTIX ASA, ARIBA, Broadcom, etc – KSU
  • C.H. Robinson heralds initiatives focused on helping shippers reduce carbon emissions

Recent Comments

  • Top 5 Supply Chain Certifications that are in high demand | Top 5 Certifications on Top 5 Globally Recognized Supply Chain Certifications
  • 3 Best Procurement Certifications that are most valuable | Procurement Newz on Top 5 Globally Recognized Supply Chain Certifications

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019

Categories

  • Global News
  • Supply Chain Updates

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
United States Supply Chain Management Council

Categories

  • Global News
  • Supply Chain Updates

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

Basingstoke warehouse creating 1,400 jobs approved by council – BBC News

Global Strategic Sourcing Application Market Market Size, In-Depth Assessment, CAGR, Demand, and Opportunity Analysis 2026 with Top Countries Data – KSU

AmSty, Agilyx to explore building an advanced recycling facility in Louisiana

C.H. Robinson heralds initiatives focused on helping shippers reduce carbon emissions

  • Privacy Policy
  • Terms of Use
  • Antispam
  • Disclaimer
  • Contact Us

© 2021 www.usscmc.com

No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES

© 2021 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT