FB Pixel no scriptFounded by Uber alumni and backed by Travis Kalanick, Kargo launches to tackle logistics in Indonesia | KrASIA

Founded by Uber alumni and backed by Travis Kalanick, Kargo launches to tackle logistics in Indonesia

Written by Zhixin Tan Published on     1 min read

Yodi Aditya who had founded Kargo.co.id, a local startup with a similar concept in 2016, is the new firm’s CTO.

Indonesia-based logistic startup, Kargo Technologies debuts in Southeast Asia after raising a US$7.6 million seed round led by Sequoia Capital India. Kargo Technologies is also backed by Uber-founder Travis Kalanick’s 10100 Fund, and money from co-founder of Northstar Group, Patrick Walujo, an early investor in Go-Jek.

Kargo will invest in its infrastructure and technology. The company also plans to hire aggressively in Indonesia to build a world-class operations and technology team.

Founded in 2018, Kargo Technologies is a logistics startup that integrates shippers and logistics providers onto a single marketplace, aiming to solve inefficiencies and reduce costs.

Kargo’s CTO is Yodi Aditya, who had previously founded kargo.co.id, a logistics startup with a similar concept. Kargo Technologies, however, is a new, separate entity, a company spokesperson told KrASIA.

Kargo Technology’s team is lead by Tiger Fang, one of Uber’s earliest employees in Southeast Asia, who launched the US firm’s operations in Indonesia, Malaysia, and Thailand.

Given the size of Indonesia and its archipelagic geography, the size of its logistics market is huge. According to Kargo, it comprises nearly a quarter of the country’s US$1 trillion GDP.

Editor: Nadine Freischlad


Inside Grab’s SPAC mega-mergerInside Grab’s SPAC mega-merger


Grab CEO takes 60% of voting rights: 5 take-aways from IPO plan

By Nikkei Asia


  15 Apr 2021    4 mins read

See All

Auto loading next article...