Liquid8, founded by Mike Roosevelt and Niko Abdulrachman in 2023, has secured seed funding from SPIL Ventures to enhance its services. The startup provides solutions for companies to manage overstock inventory by redirecting surplus goods to wholesale markets that support Indonesian micro, small, and medium enterprises (MSMEs).

The growth of e-commerce in Indonesia has increased challenges related to overstock management and failed deliveries. Liquid8 addresses these issues by offering a platform that helps distribute surplus products more efficiently and sustainably. The company enables MSMEs to access quality products at affordable wholesale prices, an opportunity previously limited due to inventory constraints.

In 2024, Liquid8 processed over 2,700 tons of overstock items that could have ended up as waste. “With the solutions we offer, we hope to help more MSMEs grow and develop through easier access to quality goods at affordable prices,” said CEO Mike Roosevelt.

Liquid8 collaborates with various marketplaces, logistics providers, and manufacturers to optimize overstock distribution. Sumarny Manurung, VP Investment at SPIL Ventures, highlighted Liquid8’s potential to lead the recommerce sector in Southeast Asia. “Their solution not only helps manage overstock but also positively impacts the environment and local economy by supporting MSMEs. We believe their innovation will provide significant long-term benefits,” she stated.

Liquid8 remains committed to enhancing Indonesia’s e-commerce ecosystem by reducing waste and improving MSMEs’ access to quality inventory.

SOURCE: SWA | PHOTO: IST

This article was created with AI assistance.