What PT Satria Antaran Prima does

PT Satria Antaran Prima, trading as SAPX Express, is an Indonesian publicly listed (IDX: SAPX) logistics and expedition company headquartered at Revenue Tower, Jakarta Selatan, with an operational hub at Halim Perdana Kusuma, Jakarta Timur. Founded in 2014, the company operates one of the largest domestic last-mile footprints in Indonesia — 250+ hubs and sub-hubs, 8,000+ courier fleet personnel, and active delivery coverage across 7,200+ sub-districts in all 38 provinces, including remote regions such as Papua and NTT. SAPX self-positions as #JagonyaCOD ('the COD champion') and serves e-commerce marketplaces (Tokopedia, Lazada, Blibli), banks (BCA, Mandiri, BNI), government agencies (Direktorat Jenderal Pajak), and enterprises including Samsung, Everpro, Mengantar, Order Online, and Sociolla. The company holds ISO 9001 (Quality Management) and ISO 27001 (Information Security) certifications issued by Bureau Veritas and supports KOMDIGI Regulation No. 8/2025 on commercial postal services.

The technology foundation is an integrated logistics management system spanning a COD processing engine with instant settlement, a real-time shipment tracking platform, and fulfillment/warehouse-management operations. The product portfolio covers last-mile delivery, COD, fulfillment and warehouse rental, international shipping (via partnerships with DHL, Yusen Logistics, Solid Logistics, and an exclusive WBS China arrangement), mailing-room solutions, professional packaging, and a ladder of same-day, express, document, and cargo services. A mobile app (SAPX Express on Google Play) and the corporate site (sapx.id) provide self-serve tracking and rate-checking; a franchise 'Kemitraan Agen Ritel' program (entry from 350,000 IDR) extends retail last-mile coverage. The group is led by Founder & Group CEO Budiyanto Darmastono.

SAPX earns revenue primarily from transaction-based shipping fees (last-mile, same-day, express, cargo, document, international), recurring warehouse rental and per-order fulfillment fees from e-commerce sellers, one-time franchise license fees from kemitraan partners, and shipping commissions through its agent network. Go-to-market is hybrid: direct enterprise field sales for corporates and marketplaces; a self-serve digital channel for individuals and SMB shippers; and the Kemitraan franchise network for retail distribution. Enterprise contracts are quote-based and subscription-style with monthly billing and dedicated account management. Reported financials indicate an annual revenue base in the IDR 30+ trillion range with significant gross-margin compression since 2021, while operating income has been recovering since a 2022 trough — implying ongoing cost discipline amid top-line pressure.

Name

PT Satria Antaran Prima

Legal name

PT Satria Antaran Prima Tbk.

Website

https://sap-express.id

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SAPX Express (PT Satria Antaran Prima, IDX: SAPX) is an Indonesian publicly listed logistics company providing nationwide B2B delivery, COD, fulfillment, and cross-border shipping via 250+ hubs and 8,000+ couriers across 7,200+ sub-districts, serving marketplaces, banks, government, and enterprises.

Ownership category

akta.pro rank

Product category

Logistics Services

NAICS

Couriers and Express Delivery Services (4921), Freight Transportation Arrangement (488510), Warehousing and Storage (493), Support Activities for Transportation (488)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Public Warehousing & Storage (4220)

akta.pro primary industry

Cross-Border E-commerce Parcel (DDU/Delivered At Place—Duties Unpaid) (TLAAANAE)

akta.pro secondary industry

International Express (Time-Definite Cross-Border) (TLAAABAB)

Keywords

• Courier services
• Last mile delivery
• Cash on delivery
• Fulfillment warehousing
• International shipping

Headquarters

HQ city

Senayan

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Last Mile Delivery Services: Core delivery services for B2B and B2C shipments including COD collection. Revenue generated from shipping fees based on weight, distance, and service type.
2. Fulfillment & Warehouse Services: Storage, packing, and order fulfillment services for e-commerce businesses. Revenue from warehouse rental and per-order processing fees.
3. International Shipping: Cross-border delivery services through partner networks (DHL, Yusen Logistics, Solid Logistics, WBS China) for documents and packages to international destinations.
4. Agent Partnership Fees: Franchise fees from retail agent network (kemitraan) partnerships. Agents pay a fee to join the network and gain access to logistics services.
5. Mailing Room Services: Document shipping solutions for businesses with routine high-volume document dispatch needs.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

PT Satria Antaran Prima (SAPX Express) is an Indonesian logistics and expedition company providing domestic and international parcel, document, and cargo delivery services. Its core offerings include Last Mile Delivery, Cash On Delivery (COD) services for e-commerce merchants, Fulfillment & Warehouse Rental, Mailing Room document shipping, professional Packaging, International Shipping via global partners, and various specialty freight services (express, same-day, heavy cargo). The company also operates a franchise agent network (Kemitraan) that extends its reach across Indonesia.

Product overview

SAPX Express operates as an integrated logistics and expedition platform offering a unified portfolio of delivery services connected through a nationwide network of over 250 hubs and sub-hubs, more than 8,000 courier fleet personnel, and coverage across over 7,200 sub-districts. The core platform encompasses Last Mile Delivery, Cash On Delivery (COD), International Shipping, and various freight services (cargo, documents, express, same-day), which are supported by add-on modules including Fulfillment & Warehouse Rental, Mailing Room, and Packaging Services. A franchise partnership program (Kemitraan Agen Ritel) extends the network at the retail level, while a dedicated mobile application provides digital access to tracking and rate-checking tools. The platform specializes in B2B and COD logistics, serving e-commerce marketplaces, corporate clients, banking institutions, and government entities.

Differentiator

Problem solved

Functional benefit

Products and services

• Last Mile Delivery Fast, secure, and cost-effective last-mile delivery service covering shipments from hub to the recipient's doorstep, supported by a network of over 8,000 courier fleet personnel. Targeted at e-commerce sellers, corporate clients, and individual shippers across Indonesia.
• Cash On Delivery (COD) Cash collection service at point of delivery, enabling e-commerce sellers and online merchants to receive payment upon shipment receipt; positioned as the company's flagship COD service with over 14 years of experience and the widest COD coverage across 7,200+ sub-districts in Indonesia.
• Fulfillment & Warehouse Rental (Sewa Gudang) Warehouse management and fulfillment service including storage rental, pick-and-pack operations, and goods distribution for e-commerce and corporate clients across Indonesia.
• International Shipping (Pengiriman Internasional) International parcel and document delivery service to multiple countries, facilitated through partnerships with WBS China, Solid Logistics, DHL, and Yusen Logistics.
• Mailing Room Dedicated solution for routine and bulk shipment of valuable documents, providing organized mailing operations for corporate clients with regular high-volume document dispatch needs.
• Professional Packaging Service (Jasa Pengemasan) Professional packaging service for items requiring special handling and protection during transit, offered to e-commerce and individual shippers.
• General Goods Shipping (Jasa Pengiriman Barang) General cargo and goods shipping service covering domestic routes across Indonesia for businesses and individual customers.
• Document Shipping (Jasa Pengiriman Dokumen) Document shipping service for urgent and standard delivery of important papers and correspondence, serving corporate and individual clients.
• Cargo Shipping (Jasa Pengiriman Kargo) Heavy and bulk cargo shipping service for large-volume or oversized shipments across Indonesia.
• Express Courier (Jasa Kurir Express) Express courier service for time-sensitive shipments within Indonesia with priority handling.
• Same-Day Delivery (Jasa Pengiriman Sehari Sampai) Same-day delivery service for shipments requiring delivery within the same day across Indonesian cities.

Quantifiable outcome

• 14+ years of experience in Indonesian logistics market
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• Tokopedia / PT Semangat Logistik AndalanflagshipChannel Partner/ Reseller/ Distributor · 7 December 2023Official courier partner and recommended logistics provider for Tokopedia marketplace. SAPX became the official recommended courier partner through collaboration with PT Semangat Logistik Andalan.
• DHLcoreChannel Partner/ Reseller/ DistributorInternational shipping partner for global document and package delivery services. DHL provides worldwide coverage complementing SAPX's domestic logistics network.
• Yusen LogisticscoreChannel Partner/ Reseller/ DistributorInternational shipping partner providing global logistics services for SAPX customers sending packages internationally.
• Solid LogisticscoreChannel Partner/ Reseller/ DistributorInternational shipping partner for cross-border delivery services extending SAPX's global reach.
• WBS ChinacoreChannel Partner/ Reseller/ DistributorExclusive partner in China for shipments to and from China. Enables SAPX to serve China-Indonesia trade routes.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• JNE Express (Jalur Nugraha Ekakurir): One of Indonesia's largest domestic courier and logistics companies, offering last-mile delivery, COD, and international shipping across the archipelago—directly comparable in scale, product set, and customer base to SAPX.
• J&T Express Indonesia: Major Indonesian e-commerce-focused courier with extensive nationwide network and COD capability; competes head-to-head with SAPX for marketplace and online seller volumes.
• SiCepat Ekspres: Indonesian last-mile and COD courier that grew rapidly on the back of marketplace partnerships; closely comparable to SAPX in target customer (e-commerce sellers) and product mix.
• AnterAja: Indonesia-focused courier and last-mile delivery service with COD and e-commerce parcel focus; directly competes for the same marketplace and online seller customers as SAPX.
• Ninja Xpress: Indonesia-based e-commerce logistics provider offering COD, fulfillment, and last-mile delivery; a direct competitor for marketplace and SMB e-commerce parcel volume.
• TIKI (Citra Van Titipan Kilat): Long-established Indonesian courier serving B2B and B2C parcel, document, and COD needs; competes with SAPX in tier-1 city same-day and next-day services.
• Lion Parcel: Indonesian courier with nationwide last-mile coverage and e-commerce parcel focus; comparable product portfolio (COD, express, cargo) and overlapping customer base with SAPX.

Broad incumbents

• Pos Indonesia (PT Pos Indonesia Persero): State-owned national postal operator offering parcel, logistics, and financial services across Indonesia; broader mandate and historical postal monopoly make it an incumbent comparable rather than a direct niche competitor.
• DHL Express Indonesia: Global express and logistics provider with Indonesian operations; comparable to SAPX in cross-border express shipping and in serving enterprise/banking customers, though SAPX is also a DHL partner.

Emerging players

• Paxel: Indonesian same-day and next-day delivery startup focused on e-commerce and on-demand parcel; partial overlap with SAPX in urban last-mile and COD services but at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=IMPNhdu27PE

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Satria Antaran Prima