Logistics

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.

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 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.

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 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……

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-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.

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.

Beyond joining the crowd of payments and financing, what we foresee is the need to focus on digitizing and automating the backend; specifically, procurement and supply chain management, especially so in the wake of Covid-19.

Delhivery, India’s largest fully-integrated logistics service provider, said Tuesday it will acquire the Pune-based Algorhythm Tech Pvt. Ltd. that delivers intelligent planning and optimization solutions for enterprise supply chain operations, to strengthen its integrated supply chain solutions offering.