Logistics
TheLorry raises US$1.5mil Series A
On-demand land cargo startup TheLorry has raised US$1.5mil; its cofounders speak to Karamjit Singh on their journey so far and what’s ahead.
Foodpanda to use its own fleet in Singapore
foodpanda has announced that nearly all deliveries will be undertaken by its inhouse fleet of drivers, a move that it believes will reduce delivery times compared with its previous method of using its restaurant partners’ delivery riders.
With e-commerce focus, SingPost restructures
SingPost has announced an updated organisation structure based on four pillars, saying that it has entered “a pivotal stage of its transformation journey.”
Singapore logistics startup Anchanto closes undisclosed Series B
Singapore-headquartered e-commerce fulfilment company Anchanto said it has successfully completed a Series B round and “created an alliance” with Transcosmos Inc of Japan, but did not disclose the amount.
Bet on the forks-and-chopsticks: Understanding SEA
Different countries produce different types of entrepreneurs and startups, but while the flavours might be different, these startups all rely on the same kinds of services and products to succeed, writes Justin Hall.
With ringgit woes, NeonRunner aims for next funding round in USD
Kuala Lumpur-based hyperlocal logistics company NeonRunner intends to raise US$3 million in its next round of funding, and having learned its lesson from the plunge of the ringgit, is seeking it in the greenback.
SingPost boosts e-commerce logistics platform with TradeGlobal acquisition
SingPost, through its indirect wholly-owned subsidiary TG Acquisition Corp, is acquiring 96.3% of TradeGlobal Holdings Inc from TradeGlobal Parent LLC, which is owned by the private equity firm Bregal Sagemount, for US$168.6 million (or approximately S$236 million).
Drone delivery a milestone for SingPost, but what next?
SingPost’s recent test flight using a drone to deliver a package has got industry tongues wagging in optimism, but the question remains whether drone delivery will become viable enough in the future, writes Benjamin Cher.
SingPost to acquire US logistics company Jagged Peak
SingPost, through its indirect wholly owned subsidiary SP Jagged Peak LLC, has entered into an agreement to acquire a 71.1% equity stake in Jagged Peak Inc for US$15.8 million (approximately S$22.5 million).
Exabytes’ e-commerce arm stretches all the way to Taiwan
Kuala Lumpur-based regional webhosting and e-commerce solutions provider Exabytes Network Sdn Bhd announced that it is rolling out its EasyStore e-commerce solution and its EasyParcel one-stop logistics solution in Taiwan.
