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Ex-Uber exec's logistics startup raises $31 mn, aims to fight COVID-19
short by Anushka Dixit / on Monday, 13 April, 2020
Ex-Uber executive Tiger Fang's logistics startup Kargo has raised $31 million funding from Sequoia India, Tenaya Capital, among others, to help firms in Indonesia fight coronavirus. Kargo has created a $1 million relief fund for truckers and partnered with charities to deliver meals and medical supplies. Fang has forgone his salary for 2021 while employees have contributed their salaries.
read more at BloombergQuint