Praktis has raised a $20M Series A funding round to help middle-sized businesses in Indonesia compete with major players by handling their logistics.

 

Praktis has raised a $20M Series A funding round to help middle-sized businesses in Indonesia compete with major players by handling their logistics.   The company claims to have grown 16x since 2020. Praktis enables companies to outsource their supply chain management so that they can focus on product development and sales. The company's inventory management system also includes data points clients can use to boost their revenue. The company aims to help SMEs in Indonesia solve some of their biggest problems, which it says are: finding reliable suppliers, getting fair pricing, and high cost of labor, East Ventures led the funding round, with participation from Triputra Group and SMDV.