Waresix is SaaS-based warehouse platform that matches unused warehouse space with SMEs who need space

Waresix, on-demand warehousing company that aims to connect businesses to professional warehouse operators, has secured undisclosed amount in seed funding from early-stage investor East Ventures.

The money will be used to accelerate Waresix’s plans to develop warehouse network, infrastructure and cloud-based platform.

Waresix CEO Andree (who goes by single name like many other Indonesians), said: “Distribution and logistic have always been a challenge in Indonesia due to its archipelago structure. Waresix provides a solution for dynamic warehousing strategy that allows our customers (retailers, distributors and manufacturers) to quickly adapt to variable demand. Our dynamic warehousing offers a flexibility so that customers only pay per-unit cost for the services they use, thus avoiding extra capital expenses.”

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Waresix is a on-demand (SaaS) platform that matches unused warehouse space with users who need space. SMEs can use the platform to manage their warehouse distribution, inventory, customer orders, and billing cycles within a mobile app. Using a combination of user requirements and warehouse capacity, capability and price, the system allows for quick transaction.

“Our technology utilises an algorithm to help users find the best warehouse to store their product. The cloud-based software provides access for our client to manage their reservations, access to the operation visibility such as inventory management and shipment, as well as managing contracts and billings across different warehouses,” added Waresix CTO Filbert Hansel.

In Indonesia, the warehouse industry accounts for 15 per cent of the total logistics market. Last year, it was estimated as much as US$27 billion. The company said in a statement that today, with the rapid growth of the market for e-commerce, the need for on-demand flexible warehousing is expected to grow massively as sellers and manufactures are opening warehouses at a rapid pace and stashing their goods closer to major population centres, so orders can be delivered faster.

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Waresix currently covers major cities in Indonesia, including Greater Jakarta, Semarang, Yogyakarta, Surabaya, Medan, Lampung, Pekanbaru, Makassar, and Balikpapan.

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