Logistics
India’s Tan90 raises $1.37M in pre- Series A funding co-led by Blue Ashva Capital and Capital A
Indian cooling solutions company Tan90 has raised a Rs. 11.32 crore ($1.37 million) pre- Series A investment round co-led by Blue Ashva Capital and Capital A. The round also saw participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India.
J&T Express acquires China’s Fengwang Express for $170M
Indonesia-headquartered courier startup J&T Express has on last Friday announced that it will acquire Shenzhen Fengwang Information Technology Co., Ltd. (Fengwang Information), the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express), for RMB1.183 billion ($170.09 million).
India’s Ripplr raises $40M in Series B funding led by Fireside Ventures
Ripplr, an India-based tech distribution and logistics platform, has announced that it has raised $40 million in a Series B round from new and existing Investors. The round was led by Fireside Ventures.
Indonesian supply chain enabler Praktis raises $20M Series A round led by East Ventures
Praktis, an end-to-end supply chain enabler based in Indonesia, has raised $20 million of series A round led by East Ventures (Growth fund) with participation from Triputra Group and SMDV.
Cainiao Ranks Top 10 in Hurun Report’s Global Unicorn Index 2023
Cainiao emerged as the 10 th best performing unicorn in the world with an estimated valuation of $27 billion, an $8 billion increase from the company’s pre-pandemic valuation.
How the integration of technology and innovation is revolutionizing the logistics industry
Having reliable logistics solutions on board will allow the industry to navigate and formulate an efficient and effective logistical strategy for their business as well as product deliveries.
Cainiao clinches Gold and Silver Stevie Awards in 2023 Asia-Pacific Stevie Awards for Innovation, Sustainability and CSR Efforts
Cainiao Network (Cainiao), the logistics arm of China-based technology firm Alibaba Group Holding Limited, was named the winners of the Gold Stevie® Award for Innovation in Transportation & Logistics, and the Silver Stevie® Award for Innovative Achievement in Corporate Social Responsibility (CSR) in the 10 th annual Asia-Pacific Stevie Awards last……
Shopee’s parent firm Sea to increase investment in Malaysia
Sea Ltd,a Singaporean global consumer internet company, through its e-commerce platform Shopee, has committed to expand its investments in Malaysia. SEA's proposed expansion plans in Malaysia involving the setting up of cloudservices, data hosting and processing, as well as new logistics e-commerce warehouse.
Singapore’s logistics firm Locad raises $11M Series A funding led by Reefknot Investments
Singapore-based logistics firm Locad has on Monday announced it has raised an $11 million Series A funding round led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel.
Hong Kong’s Jumppoint raises $6.5M Series A funding led by MindWorks Capital
Jumppoint, the Hong Kong-based digital integrated logistics platform, has completed a successful Series A funding round, raising $6.5 million led by MindWorks Capital.The round also saw participation from Headline Asia, Chinachem Group, Philip Kuai, the founder of Dada Nexus.
