Singapore-based Inteluck, a technology-driven supply chain solution provider, has closed its Series C funding round, securing US$34 million in investment.
Philippines-focused private equity firm Navegar led the round, with participation from existing investor East Ventures.
Inteluck, which operates in the Philippines, Thailand, and Vietnam, will use the funds to expand its regional footprint, deepen its presence, and strengthen its capabilities.
Also Read: Logistics platform Inteluck closes US$15M Series B round for SEA expansion
Founded in 2014 by Kevin Zhang, Singapore-headquartered Inteluck has built a digital B2B platform that provides technology-driven supply chain services to enterprises, spanning full truckload transportation, warehouse management, international freight forwarding, distribution, and customised supply chain solutions.
For enterprises, Inteluck offers a one-stop supply chain solution that provides access to a fleet of over 14,000 delivery trucks available for on-demand booking. Through the platform, enterprises can expand their geographical coverage throughout the supply chain, maintain real-time oversight of shipments, and scale operations flexibly during high-demand periods.
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Inteluck empowers small to mid-sized truckers by boosting demand for first-to-mid-mile trips, improving fleet utilisation, and facilitating faster payments. It has provided supply chain services to over 300 international and local enterprises across telecommunications, fast-moving consumer goods, manufacturing, e-commerce, and express delivery.
“By providing enterprises (demand) with access to more trucks on a single platform, along with advantages like faster dispatching, improved delivery times, and competitive pricing, we empower them to streamline operations and achieve significant cost savings. Simultaneously, our trucker network (supply) experiences increased utilisation and profitability, creating a mutually beneficial ecosystem for all stakeholders,” said Zhang.
Founded in 2013, Manila-based Navegar invests capital and lends expertise to fast-growing Philippine companies. It has over US$300 million in assets under management, and its portfolio companies include TaskUs, Intellicare, The Bistro Group, Royale Cold Storage, Great Deals E-commerce Corp., and Dali Discount AG.
Also Read: Logistics startup Inteluck raises funding from FutureCap
In January 2022, Inteluck announced the completion of its US$15 million Series B financing round led by Creo Capital, a Hong Kong-based investment firm under New World Group.
The Southeast Asian logistics sector is estimated at US$300 billion and is undergoing a prominent shift, with emerging markets rapidly developing.
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Image Credit: Inteluck.
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