Thailand’s logistics startup Flash Express raises $200 million

Thailand’s logistics startup Flash Express raises $200 million

Flash Express, a two-year-old logistics start-up that works with e-commerce firms in Thailand, stated on Monday it has raised $200 million in a new financing round as it looks to double down on a quickly growing market stimulated by need due to the coronavirus pandemic. The financing, a Series D, was led by PTT Oil […] Flash Express had about 1,100 shipment points during this time last year. Flash Express currently provides more than 1 million parcels a day, up from about 50,000 during the exact same time last year. Komsan Lee, CEO of Flash Express, said the start-up plans to release the fresh funds to expand and introduce new services to other Southeast Asian markets (names of which he did not determine). …

Freshket lands $3 million Series A led by Openspace to simplify Thailand’s food supply chain

Freshket lands $3 million Series A led by Openspace to simplify Thailand’s food supply chain

Based in Bangkok, Freshket streamlines the procedure of getting fresh produce from farms to tables. Introduced in 2017, the startup has actually now raised a$3 million Series A, led by Openspace Ventures. Other individuals consisted of Thai personal equity firm ECG-Research; Innospace; and Pamitra Wineka and Ivan Sustiawan, the co-founders of Indonesian agriculture innovation start-up TaniHub. […]
French-Singaporean food corporation Denis Asia Pacific and Thai family workplace Seedersclub, who made previous financial investments in Freshket, likewise returned for the Series A. Freshket’s innovation consists of an e-commerce market that links farmers and food processors to services, like restaurants, and consumers in Thailand. The start-up was co-founded by chief executive Ponglada Paniangwet and primary marketing officer Tuangploi Chiwalaksanangkoon, who each worked in marketing prior to releasing Freshket three years ago. Freshket’s objective is to end up being” an enabler for the whole food supply chain, “she included. Freshket’s main competitors in the B2B space are traditional supply chain organizations; in the consumer space, it is up versus consist of grocery shipment start-ups. Freshket is among several startups in Southeast Asia markets focused on simplifying the food supply chain in various nations….

Indonesian insurtech start-up PasarPolis gets $54 million Series B from financiers consisting of LeapFrog and SBI

Indonesian insurtech start-up PasarPolis gets $54 million Series B from financiers consisting of LeapFrog and SBI

PasarPolis, the Indonesian-based start-up focused on making insurance coverage more accessible in Southeast Asia, revealed today it has closed a Series B round totaling $54 million. Financiers consist of LeapFrog Investments and SBI Investment, both firms that concentrate on monetary services; AlphaJWC; Intudo Ventures; and Xiaomi. Gojek’s equity capital arm, Go-Ventures, which took part in PasarPolis’ Series […] In 2019, the company says PasarPolis issued more than 650 million policies to individuals buying insurance coverage for the first time, consisting of ride-hailing motorists, shipment couriers, and online merchants. Sales continued to grow during the COVID-19 pandemic because it increased demand for insurance coverage, while likewise prompting people to make more purchases online (most of PasarPolis’ policies are offered through its mobile apps). Soft-launched in May 2020, PasarPolis allows people to use to end up being Mitra, or insurance coverage agents, for the company. Kumar included that even though innovation plays a “essential role” in making insurance coverage products available to more people, PasarPolis does not “see digital as simply a medium to sell insurance coverage. …

<aTraveloka tops up with $250M in the middle of the coronavirus crisis

<aTraveloka tops up with $250M in the middle of the coronavirus crisis

Indonesia-based online travel website, Traveloka, has gotten$250M in fresh funding to beef up its coronavirus-battered balance sheet. The travel aggregator dubs the capital injection a”strong vote of confidence “in its strategy to get used to what it couches as a ‘ brand-new regular’for travel by retooling its concentrate on domestic and short hop […]
The travel aggregator calls the capital injection a”strong vote of confidence “in its technique to change to what it couches as a’brand-new typical’for travel by retooling its focus on short and domestic hop expeditions and activities. Traveloka also says”some”existing financiers likewise took part(EV Growth being one it has actually named ). Prior to this most current raise, Traveloka had actually pulled in around $950M throughout five financing rounds because being founded back in 2012, according to Crunchbase. Commenting in a statement, Ferry Unardi, Traveloka co-founder and CEO, stated: “Without a doubt, Traveloka has been profoundly affected by the COVID-19 pandemic. …