Indonesian parcel locker firm PopBox plans expansion
PopBox, the start-up company which is aiming to build an Indonesian parcel locker network, has announced that it plans to use recently-secured funding from East Ventures to support its expansion programme. The firm, which was founded at the start of 2015 by Adrian Lim and Greta Bunawan, has started its roll-out in Jakarta city, with lockers currently sited at four locations: Baywalk Mall, Grand Slipi Tower, Kalibata City Square and East Ventures Hive.
With its new funding, PopBox plans to extend its coverage to other parts of the greater Jakarta area by the end of the year.
Explaining why his company choose to invest in PopBox, Willson Cuaca, managing partner of East Ventures, said: “We believe this is a segment that is currently still underinvested and the timing is right for PopBox to be added to Indonesia’s ecommerce ecosystem.”
According to an article published on the TechInAsia.com website last month, PopBox generates revenue by “charging customers subscription fees and per use fees for the lockers” and “other monetization methods include revenue sharing with the courier companies”.
The PopBox website says that individuals use the lockers for their online deliveries delivery for free, while merchants can use the lockers services as well as courier delivery services for a monthly fee.
The locker compartments come in 3 different sizes: small is 10 cm (H) x48 cm (W) x 48 cm (D); medium is 20 cm (H) x48 cm (W) x 48 cm (D); and large is 33 cm (H) x48 cm (W) x 48 cm (D) with maximum weight of 5kg per parcel.
