Home Patent Forecast® Sectors Log In   Sign Up   Free Trial   Support   Contact   Pricing  
How it works Patent Forecast® Sectors Pricing Insights
Menu

Will Kargo Survive?

Transportation Logistics Patent Forecast®

April 16, 2020

It's no secret that many industries are struggling right now, in part due to supply chains that lack enough workers to keep goods moving. In Indonesia, one company trying to solve this problem is Kargo Technologies.

Kargo is a shipping startup which has been referred to as "the Uber of shipping." Co-founded by a former Uber manager, Kargo is a freight logistics marketplace that covers all of Indonesia. Kargo is operating in a country with a shipping industry that is largely managed offline and with trucks running empty a large amount of the time, so they are seeking to take the business online. Business customers use a mobile app or website to order trucks, and the platform connects them with truck operators to move their goods and keep trucks operating at capacity.

In a bid to play a role in stabilizing the Indonesian economy during the COVID-19 crisis, Kargo recently closed on a $31 million Series A round led by Silicon Valley-based Tenaya Capital with further participation from Sequoia India and Southeast Asia, Intudo Ventures, Coca-Cola Amatil, Agaeti Convergence Ventures, Alter Global, and Mirae Asset Venture Investment. Tenaya Capital previously invested in ride-share company Lyft.

At this time, Kargo has no published IP in the United States. If the company hopes to grow internationally in the future, this is certainly a major need. Will they develop new technologies on their own? Or will they use future profits and investment rounds to buy the IP they need to survive and thrive?


Article Source Link

Tech Crunch


View Patent Forecast®

This sector analyzes the use of technology in the shipping industry. Opportunity exists for companies to use emerging technology to better utilize cargo space and connect that space to shippers who need it, all while reducing costs.

Transportation Logistics   Patent Forecast®

View Patent Forecast® Top Corporations News and Insights Data Visualization

This sector analyzes the use of technology in the shipping industry. Opportunity exists for companies to use emerging technology to better utilize cargo space and connect that space to shippers who need it, all while reducing costs.



301