Logistics

Baskit plans to utilize the newly-raised funds to expedite its tech roadmap and extend its reach within #Indonesia. "Our goal is to harmonize the #supplychain, embracing transformative technologies while respecting traditional norms," says Baskit's CEO, Yann Schuermans. "To achieve this, we are developing cutting-edge tools that will be both functional and…

This upwards trend in digital users and demand for a holistic end-to-end consumer experience illustrates the need for logistics players to move the needle and implement new technologies and introduce innovative solutions – in this case, to upgrade systems to be more integrated, efficient, and bring convenience to customers.

Singapore-based private equity fund manager Emerging Markets Investment Advisers (EMIA), has on Thursday announced its investment in FWF Full Well and Nisshin Logistics (FWF), Cambodia’s logistics service provider, through its new fund, ASEAN Frontier Markets Fund (AFMF).

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.

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).

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.