Singapore-based logistics startup Inteluck has secured $34 million in a funding round led by Philippine private equity firm Navegar, valuing the company at over $100 million.
This Series C funding round was also joined by existing investor East Ventures, a venture capital firm based in Indonesia. With this latest investment, Inteluck plans to expand its technology-driven supply chain solutions across Southeast Asia.
Inteluck is a technology-driven supply chain solution provider that aims to transform the logistics industry in Southeast Asia. The startup was founded in 2016 by Kevin Zhang, a Forbes 30 Under 30 honoree, and has since then raised a total of $46 million in funding. The company’s flagship offering is its digital freight forwarding platform that enables shippers and carriers to manage their logistics operations more efficiently.
Navegar’s investment in Inteluck is a testament to the startup’s potential in the logistics industry. The private equity firm has a track record of investing in companies that have the potential to disrupt industries and create value. With this latest funding, Inteluck is well-positioned to continue its growth trajectory and revolutionize the logistics industry in Southeast Asia.
Inteluck’s Journey and Its Vision
Inteluck, a technology-driven supply chain solution provider in Southeast Asia, has recently raised $34 million in a Series C funding round led by Philippine private equity firm Navegar. With a regional footprint that spans across the Philippines, Thailand, Vietnam, and other parts of Southeast Asia, Inteluck aims to revolutionize the logistics sector with its innovative solutions.
Rapid Growth and Expansion
Founded in 2017 by Kevin Zhang, who was named in Forbes 30 under 30 Asia 2022 list, Inteluck has grown rapidly in a short period of time. The company’s focus on the B2B logistics sector has enabled it to tap into a market worth over $300 billion in Southeast Asia alone. With the latest funding, Inteluck plans to scale operations and expand its offerings to include full truckload transportation, international freight forwarding, and more.
Revolutionising the Logistics Sector
Inteluck’s vision is to revolutionize the logistics supply chains in Southeast Asia by providing customized supply chain solutions to its clients. Its digital B2B platform uses IoT technology to provide real-time oversight of fleet utilization and other key metrics. This one-stop supply chain solution enables clients to optimize their logistics operations, reduce costs, and increase efficiency.
With a fleet of over 14,000 delivery trucks, Inteluck is well-positioned to cater to the fast-moving consumer goods industry and the B2B cross-border industry. Its technology-driven solutions are set to transform the logistics sector in Southeast Asia by improving supply chain efficiency and reducing delivery times.
In conclusion, Inteluck’s recent funding of US$34 million is a testament to its success in the Southeast Asian B2B cross-border industry. With its innovative technology and customized solutions, Inteluck is poised to revolutionize the logistics sector and become a leading supply chain solution provider in the region.
Investment and Future Plans
Singapore-based logistics startup, Inteluck, has raised $34 million in a funding round led by Philippine private equity firm, Navegar, with participation from existing investor, East Ventures, a venture capital firm based in Indonesia. The deal values the company at over $100 million, according to Forbes.
Navegar is a private equity firm that invests in fast-growing Philippine companies and provides them with capital and expertise. The firm has a strong track record of seed to growth stage investments in tech companies, according to Business Times. Inteluck’s managing partner, Nori Poblador, said that Navegar’s investment will help the company expand its services across Southeast Asia and develop new technologies for supply chain management.
East Ventures, on the other hand, is a venture capital firm that invests in early-stage companies in Southeast Asia. The firm has invested in more than 150 companies since its founding in 2010, according to Preqin. East Ventures’ Roderick Purwana said that the firm is excited to continue supporting Inteluck as it grows and expands its services in the region.
Impact on Southeast Asian Logistics
Inteluck’s latest funding round comes at a time when logistics is becoming an increasingly important sector in Southeast Asia. The region’s e-commerce market is expected to grow to $153 billion by 2025, according to a report by Favour Capital. Inteluck’s supply chain solutions are well-positioned to help companies in the region navigate the complex logistics challenges that come with this growth.
Moreover, Inteluck’s commitment to the Principles of Responsible Investment (PRI) set by the United Nations reflects its dedication to sustainable and ethical business practices. The company’s focus on using technology to improve supply chain efficiency and reduce environmental impact is in line with the region’s growing interest in sustainable business practices.
Overall, Inteluck’s latest funding round is a testament to the company’s potential to become a major player in the Southeast Asian logistics industry. With the support of Navegar and East Ventures, the company is well-positioned to expand its services and develop new technologies that will help companies in the region grow and thrive.
