Backed by East Ventures, Fr8Labs aims to digitize Asia’s logistics industry

In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate. Fr8Labs wants to digitize Asia’s logistics industry with its SaaS operating system and has plans to turn it into an open ecosystem that multiple players can tap into with APIs. The Singapore and Indonesia-based startup announced today it has raised $1.5 million in seed funding from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, See… Click below to read the full story from TechCrunch
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