Australian logistics startup raises $22m for Asian expansion

Shippit eyes overseas markets with product, tech and talent upgrades

20201208 Australia

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

MARS W. MOSQUEDA JR., DealStreetAsia

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.

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