TransTrack, startup teknologi (tech enabler) yang fokus mendigitalisasi operasional armada kendaraan melalui solusi fleet operation optimizer dan supply chain integrator, menutup bulan Agustus lalu dengan kabar positif.
Perusahaan yang didirikan oleh Anggia Meisesari dan Aris Pulud Kurniawan pada April 2019 itu mengumumkan telah berhasil mengantongi US$12 juta dalam putaran pendanaan Seri A.
Founder dan CEO TransTrack Anggia Meisesari mengungkapkan, dalam setahun terakhir, perusahaannya rata-rata mencatatkan pertumbuhan 20% per bulan.
Bagaimana pendanaan yang baru diperoleh ini dapat mempengaruhi pengembangan bisnis dan cakupan pasar TransTrack?
Perusahaan yang didirikan oleh Anggia Meisesari dan Aris Pulud Kurniawan pada April 2019 itu mengumumkan telah berhasil mengantongi US$12 juta dalam putaran pendanaan Seri A.
Founder dan CEO TransTrack Anggia Meisesari mengungkapkan, dalam setahun terakhir, perusahaannya rata-rata mencatatkan pertumbuhan 20% per bulan.
Bagaimana pendanaan yang baru diperoleh ini dapat mempengaruhi pengembangan bisnis dan cakupan pasar TransTrack?
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TVTranscript
00:00Thank you for joining us, and now we are in the CreateUp segment, and we are back with Prasailin Siew.
00:07Yes, and we are here to discuss an interesting topic this time about the expansion of TransTrek
00:11since the financing of the A-series has been connected through LINE ZOOM
00:15together with Ms. Anggia May Cesari, Founder and CEO of TransTrek.
00:20Hello, Ms. Anggia, how are you?
00:24Hello, Mr. Wikim, Ms. Ocha, how are you?
00:28Thank you for joining us in CreateUp.
00:31Congratulations on the A-series financing that has just been processed.
00:34Objectively, can you tell us what caused Venture Capital to decide to fund TransTrek
00:40after a few months ago?
00:46That's right, Mr. Wikim.
00:47So, TransTrek has already funded the seed in August 2021,
00:52then the second seed in 2022, the pre-series A in January 2003,
00:59and now we have just closed the A-series financing in August 2024.
01:07Many previous investors have also rejoined in this A-series financing
01:14and added with some new investors.
01:17So, the current lead investor is also a new investor.
01:20So, why are they still doing follow-on investment?
01:24Some new investors joined because they see that the market in the world
01:35is quite large.
01:37Then, TransTrek itself, since five years ago,
01:41has shown quite large revenue growth traction.
01:46This is proven by the growth of customers and also the fleet units
01:51managed by TransTrek.
01:53And also, TransTrek develops new products related to green technology products
01:59and also diversification of solutions in other vertical industries.
02:05Okay.
02:06Back to Ms. Anggia, the news from Venture Capital is as large as US$12 million.
02:10Ms. Anggia, this will be used for expansion to ASEAN.
02:13Can you explain this further?
02:16Okay, Mr. Ocha.
02:17So, this year, TransTrek has expanded to 130 cities in Indonesia.
02:24And since March last year, we have started operations in Malaysia.
02:28And this year, in March, we started to enter Singapore.
02:33For financing in this series, we will use expansion for other cities in Indonesia
02:40and also deeper market penetration in Malaysia and Singapore.
02:44And also, we target other countries, namely Thailand, Vietnam, and also Australia.
02:51Okay.
02:52What are the learning lessons or maybe as a backup
02:56when you decide to expand deeper to ASEAN countries
03:01that have been entered before or maybe other countries in ASEAN?
03:06What will be done and actually what makes TransTrek
03:13confident to continue to do this expansion?
03:16And how is the market reception there?
03:19So, TransTrek always enters the new market, other countries,
03:23it starts with a partnership.
03:26So, we work together with local companies,
03:29solutions that can complete the TransTrek solution.
03:32Then we start the market penetration trial.
03:36After we see that the demand is quite good,
03:39then we start to form our own team.
03:42We still cooperate with some partners who have dominated the local market before.
03:47Well, in Malaysia, since last year, this is quite good.
03:52We can say it's very good to accept the TransTrek solution
03:56because we are launching cooperation with Johor Islamic Organization, Malaysia,
04:03and also YGL World Malaysia that develops warehouse smart system solution.
04:09And we announced at the TransTrek Tech Summit event last week
04:15that we will implement the Halal Logistics Platform DD Malaysia
04:20in cooperation with Johor Islamic Organization and YGL World.
04:24And our solution since last year has also been implemented in North Port, Kelang, Malaysia.
04:30And we believe that with the partnership strategy with local companies in each country,
04:35this will help the growth of TransTrek to be accepted by the market faster.
04:39Okay, I'm interested in a discussion related to Halal Logistics.
04:44This is also an education for the community.
04:47What makes Halal Logistics easier than other logistics?
04:51And how from TransTrek itself can meet the qualifications
04:56to get approved or approved by ACC
05:01that the management of logistics done by TransTrek is Halal?
05:07Maybe you can tell us.
05:09Okay, so TransTrek provides technology.
05:13So it doesn't run its logistics activities.
05:17Which runs, of course, from the port to the warehouse.
05:21Well, TransTrek provides a technology solution to do trade and trace.
05:27So based on 10 years of experience in Malaysia,
05:31there is a world-famous chocolate brand that is produced in Malaysia.
05:36Then it turns out that based on the sample taken by the government
05:40when doing the tracking, it is contaminated with pork DNA.
05:46Well, of course, this is not Halal.
05:50Well, in the end, the operational must be stopped after 6 months
05:54to do tracking and tracing.
05:56And this is a manual system.
05:58So that in 6 months, the company stopped operating,
06:02Malaysia has lost Rp 600 million.
06:05Well, because of that, the Malaysian government
06:10is moving to digitize the logistics process,
06:14starting with the port,
06:15where for shipping, then packing, pallet,
06:19it has been differentiated between Halal and non-Halal goods.
06:23Well, even in the port,
06:25including the ingredients or contents in it.
06:29Well, TransTrek prepares technology to support the Halal logistics ecosystem.
06:34Okay, interesting.
06:35This can present a solution that is needed by industrial actors.
06:42Overall, we see that TransTrek is called a tech enabler, Ms. Anggia.
06:47Actually, what is this tech enabler?
06:49How familiar are Indonesian people with this tech enabler?
06:53How far has the industry developed, Ms. Anggia?
06:57So, there are many parties that label TransTrek as a logistics startup.
07:05Actually, TransTrek is not a logistics startup,
07:08but a technology startup that focuses on digitizing logistics and transportation activities.
07:16That's what is called a tech enabler.
07:18So, our solution is vertical,
07:20just to focus on logistics and transportation activities.
07:24And of course, we see that this can support,
07:27because what we know together is that in logistics and transportation activities,
07:32this is the most expensive cost, which is quite expensive.
07:36Especially with the infrastructure that is still uneven.
07:39Then also the character of the driver in each country is also different,
07:46including the characteristics.
07:48Well, our hope is by providing technology that can digitize the operational fleet,
07:55this can of course help to increase fleet utilization,
08:00productivity, profitability,
08:02and also reduce costs such as labor costs, idle time,
08:07then fuel and maintenance costs,
08:10this can reach up to 30%.
08:12Yes, this is a system that is offered to operators in the transportation industry,
08:19if they want to digitize,
08:22but they don't have the time and expertise in the technology field,
08:27they can use the services in Transrek more or less like that, right?
08:31Yes, and this Transrek customer, the vertical industry is actually quite a lot.
08:36So, not only companies that operate in the field of logistics and transportation,
08:40but those who have logistics and transportation activities,
08:43be it financial, banking, then industrial and services,
08:48mining, plantation, even telco, F&B,
08:53there are actually quite a lot.
08:55There are quite a lot of Vertical Transrek customers.
08:57Okay.
08:59What kind of expansion of services?
09:02If I look at it, at first it was only intended for business owners based on transportation,
09:08but in the future, or maybe now,
09:11even serving sectors that not only provide transportation as a service,
09:18was it planned from the beginning,
09:20or was it funded after the operation?
09:23Maybe we will discuss this in the next session, Mr. Anggia,
09:26and also with us, we will be back soon.
09:29We are still discussing with Mr. Anggia Besesari, the founder and CEO of Transrek,
09:33the expansion of the business sector serviced by Transrek,
09:36which used to only serve the transportation sector,
09:40but now to other sectors, but using transportation.
09:44Is this already planned beforehand,
09:46according to the previous 7,
09:48or is the expansion by the time the company operates,
09:52and then finds this new segment?
09:55Ms. Anggia, maybe you can tell us a little bit about it.
09:58Yes, okay, so Transrek, when it was built,
10:00we already had a blueprint of technology,
10:03which will be built, what it will be like, what the timeline will be like.
10:07But because it is generally a startup,
10:10of course it started with minimal funding,
10:13so at that time we bootstrapped for two and a half years
10:16before getting the funding,
10:18the team was only 12,
10:20after getting the funding,
10:23it just started to grow, the team started to be complete,
10:26then we also have the ability to develop more technology,
10:32so that in the end other industries can also be targeted.
10:35Because it's not just for tracking and trace,
10:38but also providing safety,
10:40especially for the plantation, for the mining,
10:43then public transport is now also starting to be aware of safety,
10:47driving, driving and passenger safety,
10:51so that the implementation of AI has also been applied a lot by the Transrek solution,
10:56as well as with machine learning.
10:58This is done gradually,
11:01in line with the Transrek ability of team development and also capital.
11:07Okay, if we look at the news update I got,
11:11in 2023, the Transrek income grew very big,
11:16grew by 344% annually.
11:19What are the positive sentiments for 2024 itself,
11:23what is the prospect until the end of the year?
11:26At the end of the year, our growth also targets
11:29for around 300% growth in revenue.
11:33The indicators are starting to look positive,
11:36because we have quite a lot of teams,
11:39we can also serve customers in more cities
11:43and also regionally in other countries.
11:46And we are also starting to develop additional products and features
11:50that complete our solution,
11:52so that Transrek can provide an end-to-end solution
11:56for the operational digitalization of the fleet
11:59and also the integration of the supply chain.
12:01Okay, what is the competition in this industry so far?
12:04How does Transrek apply its strategy to compete?
12:10Transrek is building an ecosystem.
12:13So, there are a lot of Transrek customers
12:15who have been around for quite a long time,
12:17in line with the growth of Transrek.
12:18So, Transrek was established in April 2019,
12:21we have had several customers in May 2019,
12:24and until now, it continues to grow and develop with Transrek.
12:28We are building an ecosystem,
12:30we cooperate with many associations
12:33and also partner with other stakeholders
12:36who can complete the Transrek solution and operational,
12:39so that we are sure that the solution we offer can be accepted by the market.
12:43And obviously, Transrek follows a mission
12:47for a long-term relationship with customers and stakeholders.
12:51That's what makes us believe that we can grow
12:54because we get trust from various parties.
12:57Okay, what is the long-term target of Transrek?
13:02The clear target is to build a profitable,
13:06sustainable business
13:08and provide a useful solution for many parties.
13:12And we will launch soon
13:15for green technology products,
13:17so that our solution is also environmentally friendly
13:21to support businesses that are now
13:23starting to orient themselves towards a green environment.
13:27Okay, thank you very much, Ms. Anggia Mesesari,
13:30Founder and CEO of Transrek,
13:32for joining us on CREATE.UP this time.
13:34Good luck with Transrek, Ms. Anggia.
13:37Thank you, Ms. Anggia.
13:38Thank you, Mr. Chris.
13:39Okay, and before we end,
13:41ladies and gentlemen, this time we will take a look at the opening
13:44or maybe the movement or update
13:46from IHSG so far,
13:48until 9 o'clock, more than 27 minutes,
13:50when Indonesia in the west,
13:52for IHSG so far,
13:54it is still moving at level 7806.154.
13:59Yes, then we also update
14:01the top gainers this time are
14:04FIRE, then SRTG,
14:06LABA,
14:07there is ROIN in TOBA,
14:09AMMN, ASPI and also ABMM.
14:12Meanwhile, the top losers come from MCAS,
14:15PART, then TOSK,
14:17PSAB, MSIN,
14:19then KJEN, KRAS,
14:21then TSP, CIBOS, and also ADI.
14:31Yes, Mr. Mirsa, 90 minutes,
14:33we have accompanied you in Power Breakfast.
14:35Yes, hopefully today's discussion can be a reference
14:37and a source of information for you,
14:39stay up to date with your information only on IDX Channel,
14:41your trustworthy and comprehensive investment reference,
14:43and don't forget to watch the Market Review program,
14:46which will air at 10 o'clock,
14:48Indonesia West.
14:49Yes, because the affairs of the future must be the future.
14:51I am Investor Saham,
14:53I am Rosalind Jodhan, my friend,
14:54Wiki Adrian.
14:55See you.