Kargo Technologies News Today

Private equity deal-making and exit news dominated the most-read headlines in March.

The company plans to expand on-ground operations in Indonesia, the Philippines, and Malaysia.

The other investors include CCV, MDI Ventures, SIG, Endeavour Catalyst, FJ Labs and PT Amsaka Investama Sejahtera

This edition features Bukalapak and truck platforms Kargo & Waresix.

Leading companies in Southeast Asia made headlines this week for their plans – and in one case, shelving of them – to tap the public markets.

This edition also looks at the regional aspirations of Indonesia's Akulaku, which secured $100m investment from Thai SCB.

The re-emergence of social commerce in Indonesia has come about due to the pandemic and gaps in e-commerce penetration.

Teleport invests in Indonesia's largest trucking marketplace, Kargo Technologies in an effort to be a major delivery player in SE Asia.

This will give Teleport access to mid-mile deliveries in Indonesia, beyond its current air cargo and last-mile logistic services.

The founders described how they ensured, among other things, the mental well-being of their employees.