Logistics firm Amilo received $2 M from international investors for expansion
Within the following six months, the Singapore-based logistics firm Amilo will expand to Malaysia, Vietnam, and Indonesia. To support this endeavor, the company has received US $2 million from international investors.
The business has also acquired two companies. It purchased the bulk of the last-mile aggregator Kahago in Indonesia, which is now known as Amilo Indonesia. To help in providing nationwide coverage in Indonesia, the Singapore-based company is now adding fulfillment centers in Surabaya and Bandung.
Although the other deal’s specifics were kept under wraps, the purchased business is situated in Vietnam.
Ho Chi Minh City is where Amilo built its first warehouse in Vietnam. By the end of the month, Hanoi will host the country’s second launch of it. Due to its fast-growing manufacturing industry, the business said it chose Vietnam as its launching place.
In addition, Amilo and Landmark Global, a division of Bpostgroup, a Belgian company, have signed a strategic partnership agreement. Through the agreement, customers will be able to ship goods from Southeast Asia and India to more than 220 different countries.
Amilo was established in August by Arun Mambully, a former chief experience officer at DHL Asia Pacific, with the goal of addressing the difficulties associated with cross-border omnichannel fulfillment.
It has a team of around 50 people working in four regions, managing approximately 15,000 orders each month from about 30 clients.
