News — IntudoVentures

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...