Have you heard of Quipster? This Indonesian startup links contractors with suppliers so they can rent heavy equipment and find building materials. And they’ve just raised a Series A!

• Quipster was created through a merger between WebTrace and TraktorHub last year.
• They have more than 500 partner shops and over 8,000 heavy equipment and vehicles for rent.

Investor check. Chailease Holding, a leasing company based in Taiwan, led the round. FYI: This is their first time investing in a construction startup in Indonesia!

• The amount raised is undisclosed.

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🔗 Forming links

Quipster’s digital platform that makes it easy for contractors to rent and buy from the supply chain.

• They digitize the inventories of their shop partners so contractors can easily find them on the network. Oh, and they can also arrange payments online.
• So far, they’ve helped complete 500 construction projects already!

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💪 Heavy lifting

Indonesia’s construction industry is set to grow because of government investments and residential construction.  

• But it’s hard to connect supply chains in a country with over 13,000 islands.
• Plus, construction projects are a logistics challenge, especially in non-metro areas.

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🧑‍🏭 What’s with the $$$?

Quipster is planning to further digitize the Indonesian construction supply chain and build on their current capabilities.

• They’re also planning to break through Indonesia’s second and third-tier cities, starting with the island of Sumatra.