Singapore Logistics Startup Inteluck Raises $34 Million From Navegar, East Ventures

Inteluck said Tuesday it raised $34 million in a funding round led by Philippine private equity firm Navegar, in a deal valuing the Singapore-based logistics startup at over $100 million.

Existing investor East Ventures, a venture capital firm based in Jakarta, participated in the Series C funding round, which brings to $57 million the total funds raised Inteluck so far. The fresh funding will bankroll the company’s further expansion across Southeast Asia, which is among the world’s fastest growing logistics markets.