Funding Roundup: Mottu, Kale ...

Funding Roundup: Mottu, Kale Logistics, Novelship and Others Win Fresh Financial Support

Sep 22, 2023

It has been a great couple of weeks for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 6 of their notable achievements:

Kale Logistics Series B Funding

Indian startup Kale Logistics, a provider of cloud-based SaaS solutions for logistics, has raised $30M in a Series B funding round. Kale Logistics aims to digitize and streamline logistics processes by facilitating digital data transfer among all stakeholders in cargo and logistics, reducing the need for paperwork. The company serves clients in 36 countries at over 100 airports and ports worldwide. The funding will support its expansion in the U.S. and Europe, further product development, and workforce expansion.

  • Year Founded: 2010

  • Founder(s): Vipul Jain and Narendra Kale

  • Location: Mumbai, India

  • Latest Funding: $30M

  • Lead Investor(s): Creaegis Advisors

Mottu Series C Funding

Mottu, a Brazilian motorcycle rental and last-mile delivery platform, serves 50,000 customers and connects businesses with couriers for last-mile logistics. They intend to expand into the mobility market for commuters in Brazil and Mexico with inadequate public transportation. Mottu recently secured $50M in a Series C funding led by QED Investors and Bicycle Capital. These funds will be used for expansion, enhance operational efficiency, and improve the customer experience.

  • Year Founded: 2019

  • Founder(s): Rubens Zanelatto

  • Location: S?o Paulo, Brazil

  • Latest Funding: $50M

  • Lead Investor(s): QED Investors and Bicycle Capital

Buyandship Series B Funding

Cross-border e-commerce startup Buyandship, specializes in assisting shoppers in countries where certain online retailers don’t offer direct shipping. The company provides warehouse addresses in the US, UK, Japan, and South Korea, offering package consolidation to reduce shipping expenses. Having secured $10M in a Series B funding led by Cool Japan Fund, the company plans to expand further in Southeast Asia, where its services are in high demand.

  • Year Founded: 2014

  • Founder(s): Sheldon Li, Hang Poon, and Wong Tsz Ming

  • Location: Kowloon, Hong Kong

  • Latest Funding: $10M

  • Lead Investor(s): Cool Japan Fund

Novelship Series B Funding

Singapore's Novelship, an online streetwear marketplace, is growing fast, doubling its user base each year. It's a top destination in Asia for authentic sneakers, limited-edition apparel, and exclusive collectibles. It aims to capitalize on Southeast Asia's rising streetwear fashion trend and become a regional fashion leader. With $9.5M in Series B funding, it plans to enhance its Southeast Asia presence, upgrade logistics and authentication, expand in-house collections, and optimize eco-friendly delivery.

  • Year Founded: 2018

  • Founder(s): Richard Xia and Chris Xue

  • Location: Singapore

  • Latest Funding: $9.5M

  • Lead Investor(s): East Ventures, iGlobe Partners and GSR Ventures

WOGOM Funding

India-based WOGOM is a cloud-based marketplace specializing in consumer electronics, connecting remote retailers with distributors for sourcing products like electronics, mobile phones, and wearables. WOGOM intends to introduce global brands to the Indian market, further distinguishing itself in the B2B marketplace. It recently raised $1.9M in funding to support market expansion, technology improvements, and retailer financing.

  • Year Founded: 2021

  • Founder(s): Nirav Patel and Pranav Shah

  • Location: India

  • Latest Funding: $1.9M

  • Lead Investor(s): Undisclosed

Parade Funding

Parade, a capacity management platform for freight brokers, has raised $17M in funding led by I Squared Capital. The company is focused on streamlining freight operations for brokerages by eliminating manual bottlenecks in capacity management. Parade utilizes AI-powered solutions to automate freight booking, expand carrier networks, and optimize capacity pricing. The funding will be used to develop products that improve freight brokers' transaction capabilities, including Generative AI for turning conversations into freight bookings.?

  • Year Founded: 2015

  • Founder(s): Anthony Sutardja, Preet Sivia, and Tony Wu

  • Location: San Diego, California

  • Latest Funding: $17M

  • Lead Investor(s): I Squared Capital

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