NEXT plans to use the investment to fill 150 positions in 2019, as well as complete the launch Relay, a new service targeting the “systemic congestion” at shipping ports.
View More Sequoia-backed NEXT gets $97M as investment in logistics heats upCategory: Logistics
It’s the golden age of traditional retail, not its end days
A lot of people that will say that traditional retail is dying. They’ll point to the rising prominence of e-commerce, which accounts for under 10% of total retail in the U.S. and a whopping 15% or more of total retail in China, as diminishing opportunities for traditional retail. But the reality is that, thanks to […]
View More It’s the golden age of traditional retail, not its end daysMeituan partners with Nvidia, Valeo and Icona for its autonomous delivery platform
Meituan Dianping, China’s largest on-demand food delivery company, announced today at CES that it has signed three new major partners for the development of its autonomous delivery open platform. They are Nvidia, Italian automotive design company Icona, and French automotive supplier Valeo. This is the first time Meituan Dianping, which went public four months ago […]
View More Meituan partners with Nvidia, Valeo and Icona for its autonomous delivery platformLetsTransport raises $13.5M to digitize and improve last-mile logistics in India
India’s B2B supply chain is slowly shifting into the digital era. Following a $23 million investment for Moglix, which helps bring business and manufacturing procurement online, LetsTransport, a startup that brings increased efficiency to logistics and business transportation, has raised $13.5 million for growth. Founded in 2015 by IIT Kharagpur graduates Pushkar Singh, Sudarshan Ravi and […]
View More LetsTransport raises $13.5M to digitize and improve last-mile logistics in IndiaBounce raises $1.2M to tap local retailers for short-term storage
If you’ve ever found yourself lugging a big suitcase from meeting to meeting, a startup called Bounce could make your life easier. Using Bounce, you’ll be able to pay for short-term storage at hotels, dry cleaners and other local businesses. The San Francisco-based startup is announcing that it has raised $1.2 million in seed funding […]
View More Bounce raises $1.2M to tap local retailers for short-term storageThe limits of coworking
It feels like there’s a WeWork on every street nowadays. Take a walk through midtown Manhattan (please don’t actually) and it might even seem like there are more WeWorks than office buildings. Consider this an ongoing discussion about Urban Tech, its intersection with regulation, issues of public service, and other complexities that people have full […]
View More The limits of coworkingTencent-backed fleet manager G7 racks up $320M in funding
A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to around $500 million. G7, which runs a proprietary connected platform for trucks, shippers, fleet manager and […]
View More Tencent-backed fleet manager G7 racks up $320M in fundingWhy you need a supercomputer to build a house
When the hell did building a house become so complicated? Don’t let the folks on HGTV fool you. The process of building a home nowadays is incredibly painful. Just applying for the necessary permits can be a soul-crushing undertaking that’ll have you running around the city, filling out useless forms, and waiting in motionless lines […]
View More Why you need a supercomputer to build a houseUber Eats test lets restaurants trade discounts for ranking boost
Uber Eats has effectively invented its own native ad unit. Uber confirmed to TechCrunch that a test quietly running in markets around India allows restaurants to bundle several food items together and sell them at a discounted price in exchange for promoted placement by Uber Eats in a featured section of local “Specials”. In some […]
View More Uber Eats test lets restaurants trade discounts for ranking boostBlueCargo optimizes stacks of containers for maximum efficiency
Meet BlueCargo, a logistics startup focused on seaport terminals. The company was part of Y Combinator’s latest batch and recently raised a $3 million funding round from 1984 Ventures, Green Bay Ventures, Sound Ventures, Kima Ventures and others. If you picture a terminal, chances are you see huge piles of containers. But current sorting methods […]
View More BlueCargo optimizes stacks of containers for maximum efficiencyFedEx is adding 1,000 Chanje vans to electrify its fleet
FedEx is turning to a relatively new and unknown startup as it ramps up its efforts to electrify its fleet of delivery vans. The company announced Tuesday plans to add 1,000 electric delivery vehicles from Chanje Energy, a California-based and China-backed startup founded in 2015. FedEx is purchasing 100 of the vehicles from Chanje Energy. It will lease […]
View More FedEx is adding 1,000 Chanje vans to electrify its fleetAlibaba and Amazon move over, we visited JD.com connected grocery store in China
The arms race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s ecommerce titans Alibaba and JD.com, which are turning offline for growth. Online retail has flourished in China, but it still accounts for less than 20 percent of the nation’s overall consumption, according […]
View More Alibaba and Amazon move over, we visited JD.com connected grocery store in China