Indonesian Digital Freight Startup Kargo Technologies Raises $7.6 Million In Seed Funding
21 March 2019 3:31 PM IST
Kargo Technologies, an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India. The investment round also saw Uber...
- Comments Kargo Technologies , an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India.
- Kargo is a digital freight marketplace that plans to connect Indonesian shippers with carriers, reducing the friction and opacity that exists within that country's freight market.
- With a population of over 260 million and a GDP growth rate of 5.1 percent in 2018, Indonesia is an emerging powerhouse in southeast Asia.
- As is the case in several countries around the world, the growth of e-commerce has created a never-before strain in the Indonesian logistics sector.
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