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Logistics supplier on Friday stated that it has raised a $40 million funding from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. This funding will likely be made by way of a secondary buy from an early investor within the firm.
The startup is backed by traders corresponding to Blackstone Progress, TPG Progress, ChrysCapital, Alibaba Group, Elevation Capital, Investcorp, Norwest Enterprise Companions and Gaja Capital. The funding by Khazanah will likely be made by way of a secondary buy from an early investor within the firm, in keeping with a press release.
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