Southeast Asian technology-driven supply chain solution provider Inteluck announced the successful completion of its Series C funding round, securing US$34 million in investment. This funding round was spearheaded by the Philippines-centric private equity firm Navegar and East Ventures, a prominent venture capital firm in Southeast Asia. Favour Capital also played an exclusive role in providing financial advisory services.
Founded in 2014 by Forbes 30 under 30 awardee Kevin Zhang, Inteluck has built a digital B2B platform that offers tech-powered supply chain services to enterprises. These services encompass full truckload transportation, warehouse management, international freight forwarding, distribution, and tailor-made supply chain solutions.
Although headquartered in Singapore, Inteluck’s latest funding round is expected to bolster its presence in the Philippines, where it established itself shortly after its initial launch. Inteluck also operates in Thailand and Vietnam.
According to Navegar Managing Partner Honorio ‘Nori’ Poblador, Inteluck’s growth is set to play a key role in improving logistics in the Philippines and the rest of Southeast Asia.
“As the industry grows from increased trade, infrastructure upgrades, and the development of traditional sectors, Inteluck is well-positioned to solve the unique B2B logistics challenges of the Philippines and its neighbors. Kevin and his team have our full support during this next chapter of growth,” Poblador said.
The Inteluck team brings years of experience in logistics supply chains, IoT technology, and the Southeast Asian B2B cross-border industry. This extensive experience was instrumental in the development of the company’s flagship offering businesses access to a fleet of 14,000+ on-demand delivery trucks, allowing them to expand their supply chain coverage, monitor shipments in real-time, and scale operations.
Additionally, Inteluck has helped boost demand for first-to-mid-mile trips by integrating small-to-mid sized truckers on its platform (a huge chunk of Southeast Asia’s trucking industry). The company has already made a significant impact, serving over 300 prominent international and local enterprises from various industries such as telecommunications, consumer goods, manufacturing, e-commerce, and express delivery.
“The Southeast Asian logistics sector, estimated at $300 billion, is undergoing a prominent shift, with emerging markets rapidly developing. Today, it’s not just about delivery; there’s now a strong focus on cost, service quality, and supplier reputation. Inteluck is at the forefront of this shift, leveraging data and technology to modernize B2B logistics for both sides–demand and supply,” explained Zhang.
“By providing enterprises (demand) with access to more trucks on a single platform, along with advantages like faster dispatching, improved delivery times, and competitive pricing, we empower them to streamline operations and achieve significant cost savings. Simultaneously, our trucker network (supply) experiences increased utilization and profitability, creating a mutually beneficial ecosystem for all stakeholders,” he concluded.