Instacart raises $225 million at $13.7 billion valuation – TechCrunch

[ad_1] Facing unprecedented growth, Instacart has secured new funding to keep up with demand. The San Francisco company announced today that it has raised $225 million in a round led by DST Global and General Catalyst. Existing investor D1 Capital Partners participated in the round, which brings Instacart’s valuation to $13.7 billion. Instacart will use…

China’s Geek+ brings warehouse robots to US via Conveyco partnership – TechCrunch

[ad_1] Chinese robots will soon be seen roaming a number of warehouse floors across North America. Geek+, a well-funded Chinese robotics company that specializes in logistics automation for factories, warehouses and supply chains, furthers its expansion in North America after striking a strategic partnership with Conveyco, an order fulfillment and distribution center system integrator with…

India’s logistics aggregator Shiprocket raises $13M to expand overseas – TechCrunch

[ad_1] Shiprocket, a New Delhi-based logistics aggregator that works with direct-to-consumer sellers including several social media influencers, has raised $13 million in a new financing round as it looks to expand its platform overseas. Silicon Valley-based investment firm Tribe Capital led Shiprocket’s Series C financing round. Innoven Capital and existing investor Bertelsmann India Investments also…

KlearNow raises $16 million to bring customs clearance industry into the digital age – TechCrunch

[ad_1] Customs is the sieve of international supply chains. And yet despite its critical role, clearing customs for freight brokers can be a slow and opaque process reliant on manual data entry and prone to errors. Silicon Valley-based KlearNow has developed a platform that aims to bring customs clearance into the digital age. Now, with…

How Freight master Flexport’s Ryan Petersen learned to CEO – TechCrunch

[ad_1] “I didn’t know what the term ‘freight forwarder’ meant until a year into starting the business.” Considering his shipping logistics startup Flexport was last valued at $3.2 billion, that quote from my first interview with CEO and founder Ryan Petersen back in 2016 seems even more surprising now. But it also hints at why…

If we let the US Postal Service die, we’ll be killing small businesses with it – TechCrunch

[ad_1] Laura Behrens Wu Contributor Laura Behrens Wu is the co-founder and CEO of Shippo, which is building a shipping platform for 21st century e-commerce. Since moving to the United States, I’ve come to appreciate and admire the United States Postal Service as a symbol of American ingenuity and resilience. Like electricity, telephones and the…

Delivery Hero CEO shares what he’s learned about managing logistics during a pandemic – TechCrunch

[ad_1] Food-delivery platforms are on the entrance strains during the coronavirus disaster, with main spikes in demand as communities are confined at dwelling, possible with extra time to prepare dinner than typical. And whereas some eating places have opted to close down, others have turned to takeout as a lifeline. Yet bodily contact between suppliers,…

Financial tech startup Previse raises $11 million to help suppliers get paid faster – TechCrunch

[ad_1] Previse, a fintech centered on serving to suppliers get faster fee, introduced that it has raised $11 million in new funding led by Reefknot Investments and Mastercard. Returning traders Bessemer Venture Partners, Hambro Perks and Augmentum Fintech additionally participated. Founded in 2016, Previse says it presently processes about 100,000 invoices a day, and its…

India’s FarEye raises $25M to grow its logistics SaaS startup in international markets – TechCrunch

[ad_1] More than 150 e-commerce and supply corporations globally use an Indian logistics startup’s service to work out the optimum means earlier than they ship gadgets to their clients. That startup, Noida-based FarEye, has raised $25 million in a brand new financing spherical because it seems to broaden its footprint in international markets. M12, Microsoft’s…