A digital way to transform Asia’s 'antiquated' B2B wholesale retail market
Hong Kong start-up Peeba wants to transform Asia’s “antiquated” B2B wholesale retail market with digital ...
So–called disruptors in the logistics space are continuing to gain investment as shippers look to improve supply chain efficiency: this week Cubyn and Wakeo were the latest to reap new funds.
On-demand logistics and fulfilment platform Cubyn announced today it had raised €12m from a variety of backers, including French bank BNP Paribas.
Chief executive and founder Adrien Fernandez Baca said the money would be used to launch the Cubyn Fulfilment platform, which integrates shippers’ e-commerce inventories. The launch is made in partnership with refurbishment e-commerce platform Backmarket.
“Fulfilment disrupts the old e-commerce third-party logistics market from the ground up, with a better, faster and fully integrated service at a 30% lower price point,” said Mr Baca. “We are giving merchants a way to outperform their competition in terms of cost, delivery quality and speed.”
Mr Baca said the system leveraged shipping data from millions of parcels to improve quality.
And software-as-a-service provider Wakeo this week announced it had raised €1.8m in funding from multiple investors, including the former CEO of Bolloré Logistics, ‘tech stars and business angels’, including the co-founders of PriceMinister and Algolia and the chief of Qapa.
Wakeo’s system alerts clients to delays in shipments via real-time visibility and is interoperable across multiple systems.
Co-founder Loïc Marzin said: “We will leverage this funding to double the team size to respond to the strong demand, while maintaining an outstanding quality of service.
“We will also continue our R&D investments and grow our platform of leading shippers and carriers.”