Category: Transport

myfisensemyfisenseMarch 19, 2021
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1min00
State-owned Saudi Arabian Airlines (Saudia) has signed a financing agreement worth 11.2 billion riyal ($3 billion) to partially finance requirements for aircraft it has ordered, the state airline said in a statement. The amount covers the airline’s aircraft financing requirements until mid-2024, helping finance the purchases of 73 aircraft, previously ordered, it said in a […]

myfisensemyfisenseMarch 5, 2021
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3min00
SiCepat, an end-to-end logistics startup in Indonesia, announced it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the company has since expanded to serve large e-commerce platforms, too. Its services now also cover warehousing and fulfillment, middle-mile logistics and online distribution. Investors in SiCepat’s […]

myfisensemyfisenseFebruary 10, 2021
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4min00
Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture. Having acquired more than 1 billion square feet of warehouses globally over the past decade, Blackstone is said to be offering $700 million to purchase Embassy Industrial Parks, a logistics […]

myfisensemyfisenseJanuary 26, 2021
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3min00
Klook, the Hong Kong-based travel activities platform backed by SoftBank Vision Fund, announced the closure of $200 million in funding for its Series E round, lifting the startup’s total capital raised to date to $720 million. Aspex Management, an investment fund focused on Asia Pacific led the round, alongside existing backers Sequoia Capital China, Softbank […]

myfisensemyfisenseJanuary 19, 2021
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5min00
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, […]

myfisensemyfisenseJanuary 18, 2021
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2min00
British food-delivery company Deliveroo disclosed it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7 billion. Deliveroo is set to hold an initial public offering in the coming months, in what would be the biggest new share issue in London […]

myfisensemyfisenseJanuary 14, 2021
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2min00
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 […]

myfisensemyfisenseJanuary 14, 2021
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3min00
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 […]

myfisensemyfisenseDecember 24, 2020
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2min00
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 […]

myfisensemyfisenseDecember 16, 2020
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3min00
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 […]

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