Category: Transport

January 19, 2021

Google is writing check to another startup in India. The Android-maker, which last year unveiled a $10 billion fund to invest in the world’s second largest internet market, annpunced that it is participating in a $40 million investment round of hyperlocal delivery startup Dunzo, a Bangalore-based firm that it has also previously backed. Five-year-old Dunzo said Google, Lightbox, Evolvence, […]

January 14, 2021

Digital freight startup Sennder disclosed it had raised $160 million from investors, valuing the six-year-old business at more than $1 billion, and would invest the proceeds in its technology platform. The Berlin-based company has emerged as a consolidator in Europe’s freight-tech sector, merging with France’s Everoad and buying Uber’s European freight business last year, and […]

January 14, 2021

Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its rapidly-expanding financial services business. Grab said this is the first external funding for the fintech business, which has chalked out ambitious plans in insurance, lending, wealth management and […]

December 24, 2020

Saudi Arabia-based mobility solutions platform Morni, has raised SAR34.3 million ($9.1 million) in a Series B funding round, led by GSquare Investments, with the participation from Al Turairi and others. Launched in 2016, Morni provides towing and roadside assistance, both on-demand and subscription-based solutions through web and mobile apps to individuals and corporates. It enables […]

December 16, 2020

Bolt, which covers 200 cities in 40 countries with its delivery and transportation services, has raised €150 million ($182 million at current rates) in an equity round that CEO and co-founder Markus Villig said in an interview will be used to double down on geographic expansion and to help it become the biggest provider of […]

December 16, 2020

Logistics Property Company, LLC (LPC), announced the successful closing of its develop-to-core fund, LPC Logistics Venture One, LP (the “Fund”), with total equity commitments of $1 billion from several global institutional investors. The Fund focuses on ground-up industrial development opportunities across the U.S. Launched in early 2018, LPC is an active best-in-class logistics developer across […]

December 15, 2020

Delhi-based logistics tech startup Pickrr Technologies announced it raised US$4 million in an investment which was led by co-led by Guild Capital and Omidyar Network India according to the statement. The firm will invest the new capital in strategies that will enable its market share and will also invest in its tech and product development. […]

December 8, 2020

Shippit an Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $22.2 million Series B led by Tiger Global, with participation from Jason Lenga. Founded in 2014, Shippit’s technology automates tasks related to order fulfillment, including finding the best carrier for an order, tracking packages and handling returns. The company’s Series B, which brings […]

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