Logistics

TransTRACK.ID will use the funds to scale product development and expand its network of partners across Indonesia to dominate the market.

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.

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.

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.

The announcement follows its parent company, Pickupp Ltd’s recent $15 million Series A and Series A+ financing.

Along with the rebranding, Lazada Logistics is also introducing multi-channel logistics (MCL) services, which provide a single stock fulfillment solution to help e-commerce enablers and brands fulfill across all e-commerce channels seamlessly.

The deal values Teleport at $300 million and welcomes investors, including Kuala Lumpur and Shanghai-based venture capital firm Gobi Partners onboard.

Parcel Perform will use the fresh funding to build out its technology offerings and invest further in artificial intelligence (AI) solutions.

With the F&B industry amidst one of its most revolutionary periods of all time, we are likely to see increased interest in cloud kitchen models. This space offers the potential of better unit economics, improved profitability, and faster scalability that could result in a more secure and sustainable business for all.

The fund will be used for iStore iSend’s talent acquisition and improving its proprietary system to help the company in its plan for cross border expansion.