Indonesian startup Praktis, a supply-chain solutions provider for direct-to-consumer businesses, secures US$20 million in a Series A round. The company records quadruple sales growth in 2022.
Praktis, a startup serving D2C brands and suppliers, raises $20 million in Series A funding to help Indonesian SME fashion brands manage their supply chains. Its platform lets customers manage business operations for their businesses, including raw-material purchases, production, and order fulfillment.
May 2023 · TEXtalks | let's talk textiles...News article
Indonesia-based Praktis, an end-to-end supply chain enabler for direct-to-consumer brands, raises $20 million in Series A funding. Existing investor East Ventures’ Growth fund leads the round, with participation from Triputra Group and SMDV. The company was founded in 2020 by Dipta Imanto, Adrian Gilrandy, and Dhimas.
Small to medium-sized enterprises contribute 60% of Indonesia’s gross domestic product. But companies in the D2C space still struggle to compete against