About Paxel
Paxel is a company based in Jakarta (Indonesia) founded in 2018 by Bryant Christanto and Johari Zein.. Paxel has raised $32.4 million across 2 funding rounds from investors including FJ Labs, Astra Digital and Central Capital Ventura. The company has 14 employees as of April 06, 2024. Paxel offers products and services including Sameday Delivery, PaxelMarket, Instant Delivery, PaxelRecycle, and PaxelBox. Paxel operates in a competitive market with competitors including RYTLE, Fleetroot, AntsRoute, Driver Lens and Deliforce, among others.
- Headquarter Jakarta, Indonesia
- Employees 14 as on 06 Apr, 2024
- Founders Bryant Christanto, Johari Zein
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Mannit Technolabs Private Limited
- Date of Incorporation 01 Oct, 2018
- Jurisdiction Saidapet, Tamil Nadu, India
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Annual Revenue
$425.86 K (USD)20.79as on Mar 31, 2023
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Net Profit
$25.52 K (USD)-24.12as on Mar 31, 2023
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EBITDA
$106.7 K (USD)99.25as on Mar 31, 2023
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Total Equity Funding
$32.4 M (USD)
in 2 rounds
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Latest Funding Round
$23 M (USD), Series C
Jul 04, 2022
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Investors
FJ Labs
& 5 more
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Employee Count
14
as on Apr 06, 2024
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Products & Services of Paxel
Paxel offers a comprehensive portfolio of products and services, including Sameday Delivery, PaxelMarket, Instant Delivery, PaxelRecycle, and PaxelBox. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for same-day package shipping within Indonesia
Online marketplace for purchasing goods across Indonesia
Quick delivery service with two-hour estimates
App-based service for handling shopping waste
Smart locker system for package pick-up and drop-off
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Funding Insights of Paxel
Paxel has successfully raised a total of $32.4M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $23 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $23.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series C - Paxel | Valuation | Astra Digital | |
| Jun, 2021 | Amount | Series B - Paxel | Valuation | MDI Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paxel
Paxel has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include FJ Labs, Astra Digital and Central Capital Ventura. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Astra Digital is engaged in providing digital services and solutions.
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Founded Year | Domain | Location | |
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Indonesian early-stage tech firms are funded by Central Capital Ventura.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paxel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paxel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paxel Comparisons
Competitors of Paxel
Paxel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RYTLE, Fleetroot, AntsRoute, Driver Lens and Deliforce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end software and hardware for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
IoT-powered SaaS solutions for logistics and transport operations are offered.
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| domain | founded_year | HQ Location |
Cloud-based solutions for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
A cloud-based app for managing last-mile delivery operations.
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| domain | founded_year | HQ Location |
AI-powered platform for fleet management, real-time tracking, and route optimization.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paxel
Frequently Asked Questions about Paxel
When was Paxel founded?
Paxel was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Paxel located?
Paxel is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Paxel?
Bryant Christanto is the current CEO of Paxel. They have also founded this company.
Is Paxel a funded company?
Paxel is a funded company, having raised a total of $32.4M across 2 funding rounds to date. The company's 1st funding round was a Series B of $9.4M, raised on Jun 01, 2021.
How many employees does Paxel have?
As of Apr 06, 2024, the latest employee count at Paxel is 14.
What is the annual revenue of Paxel?
Annual revenue of Paxel is $425.86K as on Mar 31, 2023.
What does Paxel do?
Paxel was founded in 2018 in Jakarta, Indonesia, within the logistics sector. Last-mile delivery management solutions are offered via an application that supports same-day delivery, parcel boxes, and parcel lockers. The delivery process is managed, and shipments are tracked using the platform, available on Android and iOS devices. Operations center on streamlining urban logistics in Indonesia.
Who are the top competitors of Paxel?
What products or services does Paxel offer?
Paxel offers Sameday Delivery, PaxelMarket, Instant Delivery, PaxelRecycle, and PaxelBox.
Who are Paxel's investors?
Paxel has 6 investors. Key investors include FJ Labs, Astra Digital, Central Capital Ventura, Endeavor, and MDI Ventures.
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