FedEx Express, a subsidiary of FedEx Corp. and an express transportation company, and Delhivery, a logistics and supply chain services company in India, have announced that FedEx Express India and Delhivery have entered into equity and commercial agreements that will utilize their combined strengths to unlock India’s international trade potential. Completion of this transaction is…
Logistics startup GoBolt has announced that it has raised $20 million in Series B funding round led by Paragon Partners and Aavishkaar Capital. Co-founder and Senior Partner from Paragon Partners – Sumeet Nindrajog, who will be joining GoBOLT’s Board of Directors, said, “GoBOLT is Paragon’s first investment in the logistics sector across the two funds…
Shipsy, a logistics SaaS company has unveiled its plans to increase its footprints in the Middle East by 2025. “Backed with funding from Sequoia’s Surge & InfoEdge, Shipsy is sailing high to deepen its presence in the Middle East region. The decision came in accordance with the increasing demand for logistics and supply chain automation,…
Duckbill, the world leading container trucking/drayage service platform featuring intelligent dispatching and transportation management, announced the closing of fund raising of US$50 million which marks the biggest funding in the industry. This round of funding was led by Temasek, with participation from Pavilion as well as existing shareholders including Future Capital, Discovery Fund, Shunwei Capital,…
Shiprocket, India’s eCommerce Logistics and Shipping Solution provider, announced it has raised $27 million in a mix of primary and secondary capital as part of its new funding round led by Tribe Capital and March Capital. DST Global’s Rahul Mehta and Bertelsmann India Investments also participated in the round. The round gives an exit to some…
Zeek, the Southeast Asia-focused logistics technology startup, announced that it has secured approximately US$10 million in Pre-Series A financing from regional strategic investors and investment funds. The startup will utilise the current financing to further expansion in Southeast Asia markets, enhancement and refinement of logistics management technology and data analytics applications. The latest round of…
Pickrr, a end to end SAAS based logistics solutions provider, has raised $4 million funding from investors led by Guild Capital and Omidyar Network India. The startup is backed by angel investors and high net worth individuals. The startup will utilise the funds to expand its business and for product development. “This is a mix…
Logistics solutions startup Bizlog announced it has raised Rs 12 crore in a pre-series-A round led by IAN fund. Founder of Adishwar, Paras Jain, also participated in the funding round. The company plans to use the current funding to develop technology, create a roadmap to onboard new verticals and expand the business pan India over…
Bengaluru-based intra-city logistics platform Blowhorn has recently raised an undisclosed amount of venture debt funding from Gurugram-based Trifecta Capital. Blowhorn is promoted by Catbus Infolabs Pvt. Ltd, which operates the asset-light logistics marketplace. The company plans to use these funds for achieving full P&L profitability by the end of the year 2020. The startup said…
Shiprocket, a logistics aggregator, announced it has raised $13 million led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments. The company in a statement said that the latest capital infusion gives nearly 30 times returns in five years for Shiprocket’s angel investors who exited in…
LoadShare, the Bengaluru-based logistics startup, has raised Rs 15.3 crore funding as part of its ongoing Series B round, led by CDC Group of UK. Prior to this financing round, the company had raised a cumulative funding of $5 million with investors such as Matrix Venture Partners and Stellaris Venture Partners. Besides, it has also…