Singapore ecommerce logistics firm banks $8m in bridge round

• The investment is part of a wider, closed round of bridge investment, which also includes participation from Singapore-based InnoVen Capital and Janio’s existing shareholders.
• Janio will use the new investment as working capital, helping it fund its expansion plans and take on new emerging markets and clients.
• The development comes after e-logistics players saw a surge in growth during the Covid-19 crisis last year.
• Janio is also primed to capitalize on Indonesia’s burgeoning ecommerce market, which has been a bright spot amid the ongoing pandemic for online shopping platforms and ecommerce stakeholders.

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