Logistics
Singapore logistics firm uParcel raises $1.5M in pre-Series A funding to accelerate regional expansion
uParcel will utilize the investment to deepen its research on big data and AI with Singapore's universities to develop scalable delivery infrastructure and solutions. It will also be expanding into more cities in the region.
AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Pakistan logistics startup Rider raises $2.3M Seed round led by Global Founders Capital, Fatima Gobi Ventures and ADB Ventures
The fund will be used to grow its logistics and e-commerce markets, expand its network, and integrate its proven last-mile service into other key parts of the value chain.
India agri supply chain startup Onato raises $2.2 million Seed round led by Vertex Ventures and Omnivore
Onato’s platform connects various stakeholders directly and uses data from the demand and supply side to bring transparency in volume and pricing, ensure timely payments, and help customers access new business opportunities. This in turn drives better margins and allows small and medium participants to expand their business over time without deepening their…
Pickupp gets additional investment from Temasek-backed Reefknot & Kuehne+Nagel, brings up Series A & A+ to $20M
The funds will enable Pickupp to strengthen its dispatch network with the expansion of new satellite warehouses across different markets. It will go on to further support innovation and developments in Pickupp’s technology to enhance the capabilities and cost-savings of its existing products and introduce new services to meet the evolving demand for…
Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco
AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.
Indonesia fleet management firm TransTRACK.ID raises $552K Seed round from Cocoon Capital, IWEF
TransTRACK.ID will use the funds to scale product development and expand its network of partners across Indonesia to dominate the market.
Singapore-based Ezyhaul & DHL invest $20M in UK logistics tech startup DigiHaul
Ezyhaul and DHL will both take a share in DigiHaul, and the investment will be used to support "ambitious growth plans" through customer and transporter acquisition.
Indonesia social e-commerce platform Dagangan raises $11.5M Series A led by Monk’s Hill Ventures
The funding will be used to grow Dagangan's house brand of private-label local products, product development, talent acquisition, and grow partnerships with community leaders, key opinion leaders, local entrepreneurs, and village chiefs.
Pakistan logistics startup Truck It In extends pre-seed round to $4.5M
The extended round was again led by Global Founders Capital and Fatima Gobi Ventures. They have been joined by early-stage technology investment firm Picus Capital and Zayn Capital.
