Navegar, East Ventures steer $34m round of SG logistics startup

Inteluck founder Kevin Zhang / Photo credit: Inteluck

Singapore-based logistics company Inteluck has raised US$34 million in a series C funding round led by Philippines-focused private equity firm Navegar and joined by existing investor East Ventures.

With a presence in Singapore, Thailand, Vietnam, and the Philippines, Inteluck offers a fleet of over 14,000 delivery trucks, which can be used for on-demand booking.

The company plans to use the new capital to expand its operations across Southeast Asia.

Funding details

• Funding amount: $34,000,000
• Lead investor: Navegar
• Other investor: East Ventures
• Stage: Series C
• Source

Founded in 2014 by Kevin Zhang, Inteluck runs a B2B platform connecting businesses with logistics service providers. It has over 300 enterprise clients from industries such as telecommunications, FMCG, and ecommerce.

To date, the company has delivered over 1.2 million tons of goods across six countries in Southeast Asia, according to its website.

Inteluck last raised funding in January 2022, hauling in US$15 million in capital in a round led by Creo Capital and also joined by East Ventures.

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