Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »
Sydney logistics tech start-up Loadsmile, which only launched ahead of 2020’s coronavirus pandemic, has rebranded as Ofload and raised $2.8 million in seed funding, backed the world’s biggest shipper, Maersk. Maersk’s venture arm Maersk Growth, led the round, which between March and July at the height of the lockdowns, with support from global seed VC… Read more »
Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »
Wisetech Global CEO & founder Richard White. WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »
Fresh off raising $33 million Series C round in October, Airtasker is gearing up for a busy Christmas period, today announcing a partnership with Coles to trial a delivery service across 64 Sydney stores.
Despite the buzz around on-demand startups, running a business based on logistics is difficult for everyone, whether it’s Deliveroo or smaller players.
FreightExchange aims to reduce inefficiencies in the freight industry by filling a truck’s empty space
FreightExchange connects carriers with extra capacity to those needing shipping, allowing a carrier to fill a gap in their truck with a smaller load.
Melbourne logistics company GetSwift, which raised $5 million through an ASX listing last December, has raised $24 million from a collection of US-based and local investors.
Passel is a crowdsourced delivery service using regular people already near the local store to complete the final mile delivery.
Shippit has closed a $2.2 million Series A funding round led by Aura Group, with the company looking to leverage the investor’s expertise and networks in the Asia Pacific region.
This will allow any vendor using the point-of-sale system to essentially become a delivery-ready store, with GetSwift automatically queueing, batching, routing, and dispatching the delivery of any products purchased through an Albert POS.
Fresh from its debut on the ASX last month, logistics software company GetSwift has announced the appointment of Jamila Gordon, a non-executive director, to the role of Global Chief Information Officer.
Crowdsourced delivery startup Go People has announced a raise of over $2 million in the last three months. The startup formerly known as People Post has rebranded and revamped its technology platform to offer yet another service in the competitive logistics space.
Although intent for an acquisition was announced last week, in the last 72 hours it was formally announced that Stamps.com® (NASDAQ: STMP) will be acquiring Austin, Texas based shipping software company ShippingEasy for US$55 million in cash.
Swift is fast becoming the logistics platform of choice for businesses globally, while Liquorun is put on hold
It seems the co-founders are actually focusing on the more interesting side of alcohol delivery startup Liquorun: its logistics management platform. The software platform is now an entity of its own called Swift, which is growing fast and has customers from all over the world.