Skip to main content

Triplogic raised funding to build airline baggage sharing helps travelers earn money to utilize empty luggage on airplanes as a super fast courier system. The startup headquartered in Bandung has raised an initial funding of US$250,000 by angel investors to develop more business and airline baggage share as an alternative to the super fast logistics system.

Tinuku Triplogic raised funding to build airline baggage sharing

Triplogic has just raised its first US$250,000 fund by angel investors for business development. The startup set up by Oki Earlivan Sampurna in May 2017 allows everyone to earn money by carrying items that utilize the empty luggage in an airplane journey.

Triplogic will send the feeder to pick up the shipment from the customer and hand it to the traveler at the airport using the on demand service company. In the destination city, another feeder will pick up the shipment from the traveler at the airport and ship to the delivery destination.

"I happen to be active in online shopping. I want to deliver the packages within hours to all destinations. But it is very expensive and even had to wait until three days. There are many opportunities of empty luggage when people travel," said Sampurna.

Triplogic has only three classes based on the duration of the trip. The cheapest rate is 1.5 hours trip cost Rp35.000 (US$2.59) per 2 kilogram, travel 2,5 hours cost Rp40.000 (US$2.96) per 2 kilogram, and travel over 2.5 hours cost Rp45.000 (US$3.33) per 2 kilogram.

"We are charging 25 percent of each transaction. The travelers withdraw the remaining money from their accounts and also earn points to be redeemed at Triplogic partner merchants such as souvenir shops, hotels, or to buy more airline tickets," Sampurna said.

"We also provide lost and damage insurance where many airport and airline systems have bad services," Sampurna said.

The airline baggage sharing system sees the interconnected needs of passenger aircraft and the fast delivery needs of goods. Passengers can not ask for refund or compensation for unused empty luggage while boarding an airplane, whereas it is a passenger's right.

Items are scanned using airport-owned machines to find out the contents, then Triplogic officers will add packlogs with Triplogic logos and take care of the traveler's check-in process. When a traveler arrives at the airport of departure, the Triplogic officer will provide boarding passes where the traveler goes on a plane.

Arriving at the destination airport, the traveler is in charge of picking up the Triplogic logo item from the plane's baggage and the traveler will hand over the item to the Triplogic officer who has been waiting at the arrival gate. Goods will then be sent using a land feeder to the destination address.

"Traveler does not know the form of goods, but they know the contents because we tell. The shipping process is monitored through four to five notifications when goods are picked up, arriving at the airport, departures, goods down at the destination airport, and goods to the delivery address," Sampurna said.

Until now there are no competitors who have the same service with Triplogic, but there have been logistics companies such as JNE, TIKI and Pos Indonesia which provides almost similar type of service to Triplogic. Sampurna said it will not compete logistic companies because Triplogic has different delivery methods.

"Now is the era of sharing. If you can share together, why compete? "Said Sampruna.

Triplogic monetizes not only the shipping costs paid by the shippers, but they also earn commissions from e-commerce using their services. Triplogic also provides a check in and baggage handling service at a cost of Rp10,000.


Popular posts

General Electric quarterly profit drops 28 percent

Tinuku - US industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday. GE confirmed its full-year EPS target adjusted from $1.00 to $1.07 per share, but cut its annual cash target to $6 billion from $6 billion to $7 billion and shares down 49 percent in the past year.

Investors are still interested in GE but many want to wait for strength and stable capital units before buying stocks. Losses widened at GE Capital to $207 million compared with a loss of $172 million a year ago. The electric unit's profit fell 58 percent in the quarter to $421 million from $ 994 million as orders fell 26 percent to $7.4 billion.

GE was the most valuable public company in the world in the past decade and a half, but has failed in some of the major industrial markets in recent years and its diversion into financial services led it into the eyes of a global financial storm in 2008. The 126-year-old company has cut costs aggressively selling the business and tr…

Masayoshi Son says Japan is stupid to disallow ride-sharing

Tinuku - SoftBank Group Corp CEO Masayoshi Son blasted Japan on Thursday for not allowing ride-sharing services, calling it “stupid” and saying the country was lagging overseas rivals in areas such as artificial intelligence (AI). Son has also been highly critical of the government previously when SoftBank was still a fledgling telecoms service trying to break up a cosy duopoly in Japan.

The comments reflect Son’s frustration with Japan where he built SoftBank’s domestic telecoms business, the cash engine that has powered his investments. The group has, however, focused its growing range of technology investments overseas. Japan outlaws non-professional drivers from transporting paying customers on safety grounds and the country’s taxi industry lobby has vigorously opposed deregulation.

“Ride-sharing is prohibited by law in Japan. I can’t believe there is still such a stupid country. A country that gives up on the future has no future,” Son said at an annual company event aimed at cus…

Hyundai Mobis increases AI scale to spur efficiency

Tinuku - Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, implemented artificial intelligence to its software screening process and document search system for improved efficiency and accuracy. The company said Sunday The move came in line with the latest efforts to shift into a software-centered company and to diversify the use of AI in research and development.

The AI-based software screening system, dubbed Mobis Artificial Intelligence Software Testing, jointly made with a professor of South Korea’s top science and technology university KAIST, will screen new software based on algorithm made by researchers. By automating the process, Hyundai Mobis expects to enhance work efficiency, shortening the time it takes to develop software while improving accuracy.

“With MAIST replacing 50-70 percent of researchers’ workload, they are now able to work in a creative environment, focus on speeding up software creation and boost capabilities in algorithm development,” Hyundai M…

Wipro increased Q1 net profit up 11% to $307.55 million

Tinuku - Wipro’s first-quarter net profit rises 11% to $307.55 million from $277 million in the preceding three months. Wipro Ltd on Friday reported first-quarter earnings that beat analysts expectations, primarily on account of gains made from divestment of one of its businesses.

India’s third biggest software services exporter guided for revenue to grow at best 2.3% in the current quarter, leading some analysts to believe that while Wipro’s sequential growth is improving, it is still far from turning the corner.

Bengaluru-based Wipro’s dollar revenue declined 1.7% (improved 0.1% in constant currency terms) to $2.03 billion in the quarter ended 30 June from the preceding three months, after it had earlier outlined quarterly growth of at best 0.2% in constant currency terms. Wipro, which gives only quarterly growth outlook, expects to grow its revenue between 0.3% and 2.3% in constant currency terms in the July-September period from the preceding quarter.

“I’m happy with our performan…