tanuwijaya
Indonesia's Tokopedia bets on logistics acquisitions, AI investments for growth
Indonesian e-commerce unicorn Tokopedia is investing in two logistics companies and using artificial intelligence to predict buying behaviour as part of an effort to speed delivery and slash shipping costs in the world's biggest archipelago. Tokopedia founder and chief executive William Tanuwijaya also said the firm is in final talks to invest in an agritech startup that works with farmers and has been buying stakes in smaller marketplaces offering everything from wedding services to secondhand phones. "The customer in Tokopedia is going to be able to buy directly from farmers and fishermen," Tanuwijaya told Reuters in an interview. Tanuwijaya expects Tokopedia to lift the proportion of one-day deliveries to 95% from the current 65%, while cutting costs for merchants in a country of 17,000 islands where logistics costs can be exorbitant. Backed by $2 billion in funding from investors including SoftBank Group Corp's Vision Fund and Alibaba, Tokopedia aims to create a "super-ecosystem" with a wide range of services, including lending and payment services for both consumer and merchants.
- Information Technology (0.80)
- Transportation > Freight & Logistics Services (0.58)