Logistics

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.

Teleport, the logistics venture under Malaysia-based Capital A Berhad (formerly known as AirAsia Group Berhad), has raised new growth capital of $50 millionfrom large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets. 

Adopting the right mindset and attitude towards sustainability – viewing it as an opportunity for growth instead of an obligation – is key. To build a successful and resilient business, leaders must realize that sustainability goes beyond decarbonization, it also includes a commitment to stakeholders of the value chain on social responsibility.

Haulio, Singapore’s largest and Southeast Asia’s fastest growing digital haulier, announced Tuesday that the company will be securing its first overseas acquisition with a controlling stake in Logol, a Jakarta-based logistics-focused technology platform.

Indonesia-based logistics service provider J&T Express has announced football star and global sports icon Lionel Messi as its first global brand ambassador. Known for his relentless pursuit of excellence and resilience, the seven-time Ballon d'Or winner understands the continuous commitment to improvement that is at the heart of J&T Express.

J&T Express Malaysia announced Tuesday that it has commenced full operations of the fresh delivery service in Malaysia. The J&T Fresh Delivery service is an end-to-end delivery of fresh produce from Cameron Highlands to Klang Valley, ensuring that the produce reaches its destination in the shortest time possible.