Got your package yet? Here's Paxel. This Indonesian logistics startup just raised a $23M Series C! And watch out — because they do way more than just deliver.

• Founded in late 2017, they've delivered over 17M packages and served 2M people.
• They've increased their revenue and their userbase around 3x each year for the past four years.

Investor check. Astra International led the round. BCA's Central Capital Ventura, Telkom's MDI Ventures, SIG, Endeavor Catalyst, FJ Labs and Amsaka Investama Sejahtera also joined in.

• They raised a $9.4M Series B led by MDI late last year.
• They'll be tapping into the networks of Astra, BCA and Telkom to help develop more SME solutions.

‍

😏 Not your average delivery service

Today's the day. Get same-day deliveries between cities and instant deliveries within 2 hours.

Locked up? Rent their smart lockers to store/deposit goods or pick up/drop off shipments.

Snack attack. Order local snacks from their snack marketplace

Go big or go home. Send large packages up to 20kgs and 50x50x80 cm.

No wasting! They'll pick up all the waste (bubble wrap, boxes) from your online deliveries and process it for recycling.

‍

💰 What's with the $$$?

They'll be expanding beyond Java island and increasing their capability in cold chain and cold chain fulfillment.