Indonesia-based Praktis raises US$20 million of series A funding led by East Ventures
Praktis, an end-to-end supply chain enabler has raised US$20 million of series A round led by East Ventures (Growth fund) with participation from Triputra Group and SMDV. The investment will be allocated to accelerate technology enhancements for the brands sides, at the same time to help the suppliers to have an easier business process, better team building, and enhancement of the end-to-end supply chain ecosystem.
Dare to dream: Kevin Zhang, founder and CEO of Inteluck
Kevin Zhang, 28, is the founder and CEO of data-driven logistics startup Inteluck. Headquartered in Singapore—with offices in the Philippines, Thailand and China—the startup allows its enterprise customers to book delivery trucks and track them on its digital platform. It also offers other services including warehousing and storage.
Cold chain may be the next opportunity for Indonesia’s logistics startups
Indonesian last-mile logistics startup Paxel found that almost half of its shipments are of frozen food – primarily from MSMEs sending their products to customers. This is despite the company’s fleet mainly made up of motorcycles that are not equipped with any kind of refrigeration.
Superkul, a cold chain and chiller-based last-mile delivery startup, raised seed funding led by East Ventures
Superkul, a cold chain & chiller-based last-mile delivery services startup, announced the completion of its seed funding round led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia. Superkul will allocate the fresh funds mainly to focus on scaling up the operation by adding operation fleets, expanding the team, and enhancing its digital platforms, developing the cold chain mid-mile business to complete the offerings.
How tech startups navigate the business in the global uncertainty
Lately, the promising future offered by the tech industry has been clouded by several issues, ranging from declining valuations to massive employee cuts. Global uncertainty is heightened by several downside risks, such as rising inflation, US interest rate hikes, energy and food price volatility, and the geopolitical threats from the Russia - Ukraine war.
McEasy closes US$ 6.5 million series A funding led by East Ventures
McEasy, a startup that provides Software-as-a-Service digital solutions for logistics operators and vehicle tracking, has raised US$ 6.5 million (approximately IDR 97 billion) Series A investment round led by East Ventures.
Fresh Factory, an integrated cold chain fulfillment and enabler startup, secured US$ 4.5 million of seed funding led by East Ventures
Fresh Factory, a cold chain fulfillment startup, has secured US$ 4.5 million of seed funding led by East Ventures, with the participation of PT. Saratoga Investama Sedaya TBK, Trihill Capital, Indogen Capital, Prasetya Dwidarma, Number Capital, Y Combinator, and angel investors.
Biteship, Indonesia-based e-commerce logistic solutions startup, secured seed funding co-led by East Ventures and Beenext
Biteship, an Indonesia-based e-commerce logistic solution startup with a focus on empowering small-medium enterprises (SMEs) and enterprises, today announced that it has secured an undisclosed amount of seed funding co-led by East Ventures and Beenext.