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DealStreetAsia

Australian logistics startup raises $22m for Asian expansion

Shippit eyes overseas markets with product, tech and talent upgrades

Many investors are focusing on logistics tech startups as the pandemic shows no signs of abating and delivery companies are stretched thin.   © Reuters

CEBU, Philippines -- Australian commerce and logistics company Shippit has raised 30 million Australian dollars ($22 million) in series B funding, which it has earmarked for Southeast Asia expansion and other items.

The round was backed by U.S.-based tech investment company Tiger Global along with the investor's local representative Jason Lenga, according to the announcement.

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