Former Uber exec raises $31M for his Jakarta-based logistics startup Kargo, announces relief fund to battle coronavirus [TechCrunch Blog]
Uber Technologies, Inc. (UBER)
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Source: TechCrunch Blog
Former Uber exec raises $31M for his Jakarta-based logistics startup Kargo, announces relief fund to battle coronavirusManish Singh7 hoursSilicon Valley-basedTenaya Capital,Intudo VenturesTravis Kalanick as an investorFor its Series A announcement, Kargo has an unusual pitch: It wants to help companies in Indonesia fight the coronavirus. The startup plans to do so with its newly formed $1 million relief fund for truckers, and through partnerships with several charitable organizations including Kita Bisa, PT Akar Indah Pratama, with whom it is working to deliver meals and essential medical supplies to healthcare workers and patients at multiple hospitals.The startup said it is taking several precautions to keep drivers safe. This includes ensuring that all pit stops on its routes are well-stocked and properly disinfected. Kargo has also implemented an electronic proof of delivery mechanism on its platform to limit physical contact between users.“Kargo pledges to be the most reliable lo
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- Uber says one stat shows how much room the company has to grow in the US [Business Insider]Business Insider
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