US$800K In Pre-Series A Funding Secured By Kargo, A Myanmar Based Logistics Startup

Led by Singapore- based venture capital fund Cocoon Capital and the participation from two unnamed angel investors, Kargo, a logistics startup based in Myanmar said that it has raised US$800,000 in a pre-Series A funding round. Cocoon Capital’s US$20 million fund raised last year that targets seed stage tech startups in South Asia has much […]

Kargo is disrupting logistics in Myanmar, one of the world’s most challenging countries

Kargo, a company that takes the spirit of Uber and brings it to the disorganized world of trucking, has raised a US$800,000 round of funding, giving TechCrunch an excuse to delve into the world of startup development in Myanmar, one of the world’s most curious countries. Ostracized from the world until its first free general […]

Burmese trucking logistics company Kargo receives over US$130K from Yoma Bank

Burmese online truck shipment service Kargo has announced that it has inked an SME financing agreement with Yoma Bank, Myanmar’s commercial bank. The partnership will see Kargo receive an initial loan of approximately US$130,000. Through the bank’s Unsecured SME Financing, Kargo plans to facilitate same-day payments to its truck drivers, boost its ability to grow […]