SiCepat’s logic beyond logistics as it eyes a US$2 billion IPO

Indonesian third-party logistics provider SiCepat is rushing towards IPO, buoyed by the e-commerce boom. Its parent firm Onstar is picking up stakes in adjacent firms to drum up excitement for the stock

Nadine Freischlad, 23 Sep 2021

SiCepat is readying for an IPO in the first half of next year, aiming for a US$2 billion valuation

Since its launch in 2014, SiCepat grew alongside the e-commerce boom. The firm is praised for its efficient operations

But in a market that’s hot for tech IPOs, third party logistics is not enough. SiCepat’s ambitions are growing

That’s where its sister companies and affiliates come in. But what exactly will people buy into when SiCepat lists?

Riding on the back of Indonesia’s e-commerce wave, seven-year-old Indonesian logistics company SiCepat has almost made it to the Indonesian Stock Exchange (IDX) shores—with a US$2 billion IPO goal.

SiCepat, which does fulfilment and delivery for e-commerce shipments, has been vocal about its plans to go public go public Dealstreet Asia Indonesian logistics firm SiCepat on track to close $100 million Series B by year end Read more ; it’s aiming to list in the first half of next year, The Ken has learned from people familiar with the company.

AUTHOR

Nadine Freischlad

Nadine is based in Indonesia. She covers Southeast Asia's super apps, the changing nature of work and employment, and other structural shifts happening as a result of digital disruption.

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