Thailand’s logistics startup Flash Express raises $200 million

Flash Express, a two-year-old logistics startup that works with e-commerce firms in Thailand, said on Monday it has raised $200 million in a new financing round as it looks to double down on a rapidly growing market spurred by demand due to the coronavirus pandemic.

The funding, a Series D, was led by PTT Oil and Retail Business Public Company Limited, the marquee oil and retail businesses of Thai conglomerate PTT. Durbell and Krungsri Finnovate, two other top conglomerates in the Southeast Asian country, also participated in the round, which brings Flash Express’ to-date raise to about $400 million.

Flash Express, which operates door-to-door pickup and delivery service, claims to be the second largest private player to operate in this space. The startup, which also counts Alibaba as an investor, entered the market with delivery fees as low as 60 cents per parcel, a move that allowed it to quickly

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Blockchain Technology in Transportation and Logistics Market By Development, Trends, Investigation 2020 And Forecast To 2026

The MarketWatch News Department was not involved in the creation of this content.

Oct 08, 2020 (Profound via COMTEX) —
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Blockchain Technology in Transportation and Logistics Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Blockchain Technology in Transportation and Logistics market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the

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Convoy rival Uber Freight raises $500M, valuing trucking logistics business at $3.3B

(Uber Freight Photo)

Uber Freight, the trucking logistics arm of Uber, today announced a $500 million investment led by Greenbriar that values the unit at $3.3 billion.

Uber Freight helps match carriers with shipper’s loads, using technology to expedite and automate a traditionally manual process that involves email and phone calls. Since launching in 2017, it has nearly 65,000 carriers in its network and works with shippers including AB Inbev, Nestle, LG, Niagara Bottling, Heineken, Land O’Lakes, and more.

Convoy hires former Expedia CEO as president and COO as digital freight startup tops 1k employees

“Uber Freight has created an innovative and effective approach to logistics technology that we believe is highly scalable in the coming years,” Michael Weiss, managing partner of Greenbriar, said in a statement. “In particular, we believe that carriers and shippers will be increasingly attracted to the convenience and simplicity that Uber Freight offers in a

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Uber Freight Raises $500 Million in Funding From Greenbriar Equity Group to Transform Logistics

Series A investment by Greenbriar will accelerate Uber Freight’s broad market adoption and expand reach

Uber Technologies, Inc. (NYSE: UBER) and Greenbriar Equity Group, L.P. (Greenbriar), a New York-based investment firm and one of the leading investors in the logistics space, announced today that an investor group led by Greenbriar has committed to invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber, valuing the unit at $3.3 billion on a post-money basis. Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains.

In connection with the investment, Michael Weiss and Jill Raker, Managing Partners of Greenbriar, will join the Uber Freight Board of Directors. With a combination of more than 40 years of investing experience in logistics,

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Fast-Growing Logistics Company Announces New Name, Enhanced Technology Capabilities and Additions to Executive Leadership

Press release content from Accesswire. The AP news staff was not involved in its creation.

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Stridas LLC focuses on streamlining the overall customer experience while delivering increased savings and efficienciesCINCINNATI, OH / ACCESSWIRE / October 1, 2020 / Logikor LLC, headquartered in Cincinnati Ohio, announces its new name, Stridas …

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Stridas LLC focuses on streamlining the overall customer experience while delivering increased savings and efficienciesCINCINNATI, OH / ACCESSWIRE / October 1, 2020 / Logikor LLC, headquartered in Cincinnati Ohio, announces its new name, Stridas …

Stridas LLC focuses on streamlining the overall customer experience while delivering increased savings and efficiencies

CINCINNATI, OH / ACCESSWIRE / October 1, 2020 / Logikor LLC, headquartered in Cincinnati Ohio, announces its new name, Stridas LLC, effective October 1, 2020.

Stridas has evolved significantly from its formation in 2012 as the U.S.-based affiliate of

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