News — Business

What can investors learn from cyclists?

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May is National Bike Month. Of course, millions of Americans enjoy biking, so there’s reason to celebrate. But even if you’re not much of a rider, you can apply some of the guidelines and lessons of bicycling to other areas of your life – such as investing. Consider taking some of these ideas for a spin: Tune up your portfolio. When bicyclists tune up their bikes, they adjust their brakes, clean and lubricate the chain, tighten nuts and bolts, and check the tire pressure, among other tasks. Such a tune-up keeps their bikes running smoothly and reduces the chances for...

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Indonesian logistics-tech company Kargo snags US$31M Series A financing

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Indonesian logistics tech company Kargo announced today it has closed a US$31 million financing round, led by Silicon Valley-based Tenaya Capital. Sequoia India and Southeast Asia, Intudo Ventures, Coca-Cola Amatil, Agaeti Convergence Ventures, Alter Global, and Mirae Asset Venture Investment also participated in the round. Kargo offers an online platform to handle logistics solutions for businesses, with motor-bike, car, truck, ship and aeroplane. The employees of the company recently joined the fight against COVID-19 by pledging US$1 million Logistics Relief fund for truckers moving essentials throughout Indonesia on the platform. “Our entire company is donating a portion of our salaries...

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