Baskit Accelerating Growth with Auptimate
Discover how Baskit used Auptimate’s SPV solution to optimise capital flow, simplify reporting, and streamline fundraising for rapid growth in Indonesia.
Baskit, a rapidly growing startup in Indonesia, is transforming the traditional distribution landscape. By digitally enabling thousands of distribution middlemen and hundreds of brands, Baskit is creating the country’s best offline distribution chains—powered by technology and credit solutions.
Founded by Yann Schuermans and Yoonjung, who both come from extensive FMCG (Fast-Moving Consumer Goods) backgrounds. Their insights from emerging markets like China, Southeast Asia, and India fuel Baskit’s mission to modernise distribution in Indonesia.
Aiming for an Optimised Capital Setup
Like many startups, Baskit faced the challenge of managing its capital structure during its seed round. With his corporate finance and M&A background, Yann understood the value of Special Purpose Vehicles (SPVs). The need for an SPV became clear as they progressed through their seed round.
Managing the cap table grew increasingly complex as funding increased. Yann recognised that a cluttered cap table could deter future investors and complicate subsequent fundraising efforts. This realisation drove the decision to implement an SPV, ensuring a streamlined cap table that offered clarity and simplicity for potential investors.
Auptimate’s Founder SPV: Streamlining Fundraising for Success
Leveraging Auptimate’s SPV solution allowed Baskit to efficiently manage its seed round while maintaining a clean, organised cap table. This proactive approach simplified their current funding round and established a strong foundation for future fundraising.
Through our platform, Baskit accessed key features that enhanced their fundraising process:
- Smooth Contract Workflow: Streamlined creation, handling, and execution of fundraising contracts
- Comprehensive Investment Management: Platform features ensured the receipt of investments with dedicated banking while offering transparent visibility and real-time reporting for all stakeholders.
Baskit’s Next Chapter: Scaling with Confidence with Auptimate
When asked what advice he could give other startup founders, Yann shared, “Make sure your cap table is clean!” He stresses that a streamlined capital structure is crucial for efficient fundraising, particularly in dynamic markets like Southeast Asia.
Baskit’s journey demonstrates the importance of clear capital management for rapidly scaling startups. By partnering with Auptimate and utilising the Founder SPV, they:
- Optimised Capital Flow: Deploy investor funds without delay.
- Organised Reporting: Generated comprehensive financial records seamlessly
- Maintained Focus: Avoided cap table complications while concentrating on core business growth.
As Baskit continues to expand, their solid foundation in capital management will prove invaluable for future fundraising rounds. For startups seeking efficient capital-raising processes, solutions like the Founder SPV could make all the difference for startups seeking a smoother capital-raising process.
