Sumitomo Corporation and the Lippo Group have signed a strategic partnership and Sumitomo has completed investment into Red Carpet Logistics (RCL), Lippo’s tech-enabled last-mile delivery operations.
Japan-based Sumitomo now owns a 40% equity stake in RCL. Proceeds from the transaction will go towards accelerating the growth of the company and entering the C2C express delivery market under the new brand “RCL Express”.
Established in 2016, RCL’s operations in Indonesia span 53 hubs, serving 172 cities and covering 2,400 districts across the country’s archipelago.
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