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Aya Lin · · 1 min readIn brief: Philippine logistics startup raises $1m from FutureCap
- Philippine-based digital logistics startup Inteluck raised US$1 million in series A round from Chinese early-stage venture capital firm Mingshi Capital (also known as FutureCap).
- Founded in 2015, Inteluck is a comprehensive software-as-a-service platform that offers distribution, fleet, and cargo management as well as delivery data analytics services.
- The startup counts Thailand’s Deliveree and Hong Kong’s Lalamove as competitors in the Philippine logistics market, which is expected to reach US$60 billion by 2023.
Source: KrAsia
Editing by Charmaine de Lazo
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