Here’s Baskit. They’re a startup that helps brands grow their offline distribution network, enabling them to scale effectively. And now, they’ve just raised $4.4M in the first close of their Series A!

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Investor check. Cento Ventures led the round, with Kaya Founders, Analog Ventures, and Orvel Ventures also participating. 

• Baskit also secured a $3M revolving credit facility from HSBC. 

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🚛 Going offline

Baskit’s platform integrates technology, operational execution, and financial services into a single ecosystem, helping brands reliably scale their distribution network.

• Baskit supports growing brands in designing and executing go-to-market strategies, expanding market access, and improving sell-through.

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⤵️ The money talk

Embedding credit and payment services in their platform helps distributors quickly access inventory financing. 

• Baskit works with financial institutions such as HSBC and networks such as Visa to connect their partners to payment and treasury services, making transactions among brands, distributors, and retailers easier. 

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Track record. Baskit has worked with over 60 brands and major retailers, including Alfamart, Circle K, and Boots. Oh, and they’ve also reportedly achieved consolidated profitability for 1.5 years.

🇵🇭 New markets soon?

Baskit is expanding into the Philippines as its first market beyond Indonesia. 

• They’ll use the fresh $$$ to deepen their expansion across Indonesia, accelerate the development of their product and financial capabilities, and support their regional growth. 

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