Logistics
Bangladesh-focused VC makes debut investment
Anchorless Bangladesh, a New York-headquartered VC firm dedicated to the country, has made its debut investment in a local logistics start-up.
China last-mile delivery platform files for US IPO
Dada Nexus, a Chinese last-mile delivery platform backed by the likes of JD.com, Walmart, Sequoia Capital China, and DST Global, has filed for a US IPO.
Tribe Capital leads $13m round for Indian logistics aggregator
Shiprocket, an Indian logistics aggregator that primarily solves shipping needs of small businesses, has raised $13 million in a funding round led by US VC firm Tribe Capital.
Korea's Kurly raises $164m Series E
Kurly, operator of Korean grocery delivery platform Market Kurly, has raised KRW200 billion ($164 million) Series E round from a group of domestic and international VCs.
Singapore's Ninja Van raises $279m Series D
GeoPost, a logistics division of French postal services giant La Poste, has led a $279 million Series D round for Singapore last-mile delivery start-up Ninja Van.
Beenext leads $13m Series B for Indian logistics platform
Indian logistics platform LoadShare Networks has raised INR1 billion ($13.2 million) in a Series B round led by Beenext.
Chinese autonomous trucking start-up Inceptio raises $100m
Inceptio, a Chinese autonomous driving technology provider focusing on line-haul trucking has raised $100 million. The investors were not disclosed. Previous backers include logistics giant GLP, autonomous car maker Nio, and fleet manager G7.
Deal focus: Kargo serves Indonesia’s logistics needs
Kargo Technologies, Indonesia's only pure online marketplace for the trucking industry, has responded to the coronavirus outbreak by focusing on the transportation of consumer staples
Vietnam e-commerce enabler OnPoint raises $8m
OnPoint, a Vietnam-based start-up that provides corporate clients with e-commerce support services, has raised an $8 million Series A round backed by Korea’s Kiwoom Investment.
GLP closes latest China logistics fund at $2.1b
GLP, a PE-owned warehouse operator based in Singapore, has closed its latest China logistics fund at RMB15 billion ($2.1 billion).
Microsoft venture arm leads Series D for India's FarEye
FarEye, an Indian logistics platform, has raised $25 million in a Series D round led by M12, Microsoft's corporate venture arm.
Tenaya Capital leads Series A round in Indonesia’s Kargo
Indonesian logistics platform Kargo Technologies has finalised a IDR504 billion ($31 million) Series A round led by Tenaya Capital, formerly the venture arm of Lehman Brothers.
Deal focus: TVS SCS targets supply chain upgrade
Gateway Partners is backing India's TVS Supply Chain Solutions to become more than just a traditional domestic logistics player
Amatil X invests in Indonesia's Kargo Technologies
Amatil X Indonesia, the venture arm of Coca-Cola's joint venture in Indonesia, has invested in Indonesian logistics start-up Kargo Technologies. The size of the commitment was not disclosed.
Everest leads Series A for Chinese map provider
Fengxing Zhitu, a subsidiary of Chinese courier company SF Express, has raised a RMB100 million ($14 million) Series A round led by Everest Venture Capital. Oriza Holdings, Maison Capital, and Jade Capital also took part.
GLP backs $1.37b take-private of Hong Kong's Li & Fung
The founders of Hong Kong-listed Li & Fung have teamed up with PE-owned warehouse operator GLP on a take-private offer that values their company at HK$10.7 billion ($1.37 billion).
Singapore's Gateway invests $100m in TVS Supply Chain Solutions
Gateway Partners, an emerging markets-focused private equity firm based in Singapore, has invested $100 million in TVS Supply Chain Solutions (TVS SCS), an Indian supply chain management services company.
US GP Jaguar acquires China logistics player
US private equity investor Jaguar Growth Partners has launched its first Asia fund with the acquisition of Chinese logistics operator Brilliant.
CITIC, CDH, Legend invest $300m in China freight business
CITIC Capital, CDH investments and Legend Capital have invested $300 million in SF Freight, a sub-brand of Chinese courier company SF Express, through a convertible note issue.
Sequoia leads $14m Series B for China’s Mech-Mind Robotics
Mech-Mind Robotics, a provider of intelligent solutions for industrial robots, has raised a RMB100 million ($14 million) Series B round led by Sequoia Capital China.
Australia's Anchorage secures cold chain logistics carve-out
Anchorage Capital Partners has agreed a A$100 million ($66 million) carve-out of the refrigerated logistics division of Automotive Holdings Group (AHG), an Australia and New Zealand-based car dealership business.
Japanese investors commit $856m to Grab
Singapore-based ride-hailing and online-to-offline (O2O) services platform Grab has raised $856 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) and TIS Intec Group.
Blackstone buys Chinese Logistics business for $38m
The Blackstone Group has bought 80% interest in Guangdong-based Foshan Ruixin Logistics Management from Chinese conglomerate Dongbai Group for a tentative price of RMB269 million ($38 million).
Translink joins $94m round for Germany’s Volocopter
Translink Capital, a US-based VC focused on facilitating cross-border connections with Asia, has joined a EUR87 million ($94 million) for German flying car developer Volocopter.