Innovative logistics startup company Fr8Labs receives seed funding supports to innovate Asia’s logistics, redefining the industry’s future.

Coldspace, an Indonesian integrated cold chain solutions provider, has announced the completion of a $3.8 million seed round of funding. The round was led by Intudo Ventures, an Indonesian venture capital firm, along with ASSA, one of Indonesia’s largest logistics groups, and Triputra Group, a major Indonesian agricultural conglomerate. MKA & ITS also participated in […]

Fresh Factory, an Indonesian start-up that offers an integrated cold chain fulfilment and logistics service, has raised $4.15m in pre-Series A funding. The investment round was led by SBI Ven Capital, with participation from Kyobo Securities, NTUitive, Trihill Capital, East Ventures and PT Tap Applied Agri Services. Fresh Factory plans to use the funds to […]

Indonesia-based Baskit, a technology company focused on enhancing traditional supply chains in the country, has raised $1.5m in pre-seed funding. The round was led by Forge Ventures, and also saw participation from DS/X Ventures, Sketchnote Partners, Prasetia Ventures, and other notable regional and global angel investors. Baskit aims to invest in its technology and team […]

Charged Indonesia, a direct-to-user scale up electric motorcycle manufacturer and distributor, has announced raising $4.5 million in its inaugural funding round anchored by Singapore-based DeClout Ventures, the corporate venture arm of DeClout. Founded in 2022, Charged Indonesia aims to provide sustainable mobility options that are competitive in affordability and practicality for Indonesian customers as compared […]

Superkul, a cold chain & chiller-based last-mile delivery services startup, announced the completion of its seed funding round led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia. Superkul will allocate the fresh funds mainly to focus on scaling up the operation by adding operation fleets, expanding the team, and enhancing […]

Fresh Factory, an Indonesian cold chain fulfillment business, announced that it has received $4.5 million in initial funding, led by East Ventures and backed by PT Prasetya Dwidarma, Number Capital, Trihill Capital, Indogen Capital, Saratoga Investama Sedaya TBK, Y Combinator, and angel investors. According to Larry Ridwan, founder, and CEO of Fresh Factory, this fund […]

Indonesian-based e-commerce logistic solution business Biteship, which focuses on enabling SMEs and enterprises has raised an undisclosed sum of initial funding from East Ventures and Beenext, according to a BusinessNewsAsia report. Mirsa Sadikin, Co-Founder & Chief Executive Officer of Biteship, said they are happy to partner with East Ventures and Beenext for this investment round […]

Ninja Van, a Singapore-based logistics startup is the latest entrant in the unicorn club after it raised $578 million from Chinese ecommerce giant, Alibaba Group. Existing investors B Capital Group (a venture capital firm by Facebook), DPDgroup/GeoGroup (a European parcel delivery company), along with Zamrud (Brunei’s Sovereign Wealth Fund), and Monk’s Hill Ventures also participated […]

McEasy, an Indonesian startup that provides Software-as-a-Service digital solutions for logistics vehicle management and tracking, has raised $1.5 million in its seed funding round led by venture capital firm East Ventures. The startup said it will use the fresh capital to strengthen its research and development division and scale its marketing and sales division to […]