Singapore, TechnoBusiness SG ● Inteluck, a Southeast Asian logistics technology platform headquartered in Singapore, recently completed a US$15 million Series B funding round from investors led by Hong Kong investment firm Creo Capital (New World Group).
A number of investors participated in Inteluck’s latest funding, including East Ventures and Headline Asia. Favor Capital, a small-scale investment bank in the technology, media, and telecommunications sectors targeting the Chinese and Southeast Asian markets, is advisory.
Founded in 2014, Inteluck now serves more than 250 well-known companies in a number of industries, including telecommunications, fast-moving consumer goods, manufacturing, e-commerce, shipping, and many others.
As a logistics technology platform, Inteluck helps clients and supplier partners to find and generate valuations in every aspect. This valuation is realized by maximizing logistics efficiency through technology, data, and analysis.
Inteluck now serves more than 250 well-known companies in a number of industries.
Not only that, Inteluck founder and CEO Kevin Zhang said the platform also supports a variety of logistics platform services, including full truckload, warehouse management, freight forwarding, and other specially designed supply chain services.
“Although many companies are affected by the epidemic, even acquiring new customers is now more difficult, Inteluck was able to increase revenue by 512% in the last three years,” he said.
Inteluck also increases added value for clients and vendors by leveraging order reconstruction, dispatch optimization, dynamic pricing, and a host of other technologies. In the next three years, Inteluck is targeting tremendous growth.●
—Michael T. Kheilton, TechnoBusiness SG ● Photo: Inteluck