- Karzo secures pre-series A funding for regional expansion plans.
- The company’s online marketplace connects truckers with suppliers.
- Karzo develops KarzApp to capture more of Southeast Asia’s logistics market.
Karzo, a Mekong-focused logistics startup, has secured an undisclosed amount in a follow-up pre-series A funding round.
The investment, led by Orbit Startups, Cocoon Capital, and NP Consulting, will help Karzo rev up its engines for a planned series A funding round and expand its presence in the Mekong region.
Trucking through the pandemic
The “asset-light, mid-mile” logistics company has been cruising through the pandemic thanks to its online marketplace that connects truck operators with suppliers in need of delivery services.
With big-name clients like Maersk Line and Chang Beer in the backseat, Karzo is ready to hit the gas and increase its market share in Myanmar and Thailand.
Revving up with KarzApp
To help capture more of the Mekong region’s booming freight and logistics market, Karzo is developing KarzApp, a mobile app that gives truckers a digital platform to manage freight requests.
The app aims to partner with financial institutions, potentially unlocking extra revenue streams for trucking companies.
Southeast Asia’s freight and logistics market is set to reach a whopping US$475 billion by 2029. Karzo’s asset-light strategy is the perfect vehicle for success.
To read the original article: https://www.techinasia.com/mekong-logistics-firm-funding-regional-expansion
