Shadine Taufik · · 2 min readSG logistics firm comes out of stealth mode after $2m round
Amilo, a Singapore-based logistics startup, has come out of stealth mode and is expanding to Malaysia, Vietnam, and Indonesia within the next six months. The firm has bagged US$2 million from global investors to fuel this effort.
Photo credit: Amilo
The company has also made two acquisitions. It bought a majority stake in Indonesian last-mile aggregator Kahago, which has been rebranded as Amilo Indonesia. The Singapore-based firm is currently adding fulfillment warehouses in Surabaya and Bandung to aid in providing country-wide coverage in Indonesia.
Details on the other deal were not disclosed, but the acquired company is based in Vietnam.
Amilo has also set up its first warehouse in Vietnam, located in Ho Chi Minh City. Its second in the country will be launched in Hanoi by the end of the month. The company said it selected Vietnam as a starting point due to its rapid growth in the manufacturing sector.
In addition, Amilo has signed a strategic partnership with Landmark Global, a subsidiary of Belgium-based Bpostgroup. The deal will allow customers to send business-to-consumer shipments in Southeast Asia and India to over 220 global destinations.
Founded in August by Arun Mambully, former chief experience officer at DHL Asia Pacific, Amilo focuses on supporting direct-to-consumer brands, aiming to solve the challenges in cross-border omnichannel fulfillment. It has a team of almost 50 across four markets, handling about 30 clients and over 15,000 orders per month.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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