Transport | FI SENSE

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 18, 2021

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 […]

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 10, 2020

Japanese technology giant SoftBank Group Corp bagged a $11.2 billion gain in the value of its stake in DoorDash Inc following the U.S. food delivery app’s blockbuster stock market debut. SoftBank, which invested $680 million in DoorDash in the last three years, saw the value of its 25% stake in the company rise to $11.9 […]

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 […]

Category: Transport

Google backs India’s Dunzo in US$40M funding round

UK’s Deliveroo raises US$180M from investors

Sennder locks in US$160M at valuation of over $1B

Grab raises US$300M for fintech expansion

Saudi’s Morni raises $9.1M in Series B

Bolt raises US$182M to expand its on-demand transportation network

Logistics Property Co. closes US$1B Develop-To-Core fund

Logistics startup Pickrr picks US$4M in funding for expansion.

SoftBank scores US$11.2b gain from DoorDash investment

Shippit raises US$22.2M led by Tiger Global

Mytheresa jumps 37% in stock market debut

TripActions raises US$155M at a valuation of $5B

Liberty Media-backed SPAC prices IPO at $10 apiece to raise $500 million

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