Indonesia-based recommerce startup LIQUID8 has secured pre-seed funding from SPIL Ventures, the venture capital arm of PT Salam Pacific Indonesia Lines (SPIL), a shipping and logistics firm.
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The funds will be used to improve its e-commerce solutions, which aim to reduce overstock waste while aiding Indonesian micro, small, and medium-sized enterprises (MSMEs).
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In 2024, the company reported processing more than 2,700 tons of overstock. It transfers unsold items to the wholesale market, making inventories cheaper for small enterprises.
LIQUID8 operates as an online platform that sources discounted products from various retailers, listing them online for bulk purchase by resellers and businesses. Detailed information about product conditions, shipping arrangements and payment processing are the services provided online. Buyers can acquire items in bulk at lower prices compared to retail, making it a resource for inventory sourcing and resale opportunities.
To begin with, LIQUID8’s business model is all about sustainability and supporting the circular economy. We are proud and passionate about being an Eco-friendly entity that manages corporate waste by properly disposing of it through incineration and treatment plants (particularly AWB labels), thus avoiding landfills while protecting customer information and brand image.
About LIQUID8
LIQUID8 was co-founded by Mike Roosevelt (CEO), and Niko Abdulrachman (COO) in 2022. LIQUID8 is an End-to-end liquidation company that specializes in handling failed delivery and return items mainly from e-commerce platforms & logistic companies.
LIQUID8 also works closely with companies to acquire surplus inventories, dead stock and used equipments in bulk to provide corporate solutions against supply & process flow bottlenecks. Through Re-Commerce, LIQUID8 is fostering SMEs’ growth, reducing waste, all while salvaging value for our corporate partners.
