Cambodia Investment Review
Satori Giants, a Singapore-based early-stage startup investor, has announced its first investment in Cambodia by backing Jalat Logistics. This investment was made in partnership with X Venture Holdings (XVH) from Hong Kong, marking the completion of a seed round for Jalat Logistics, a Phnom Penh-based firm specializing in optimizing last-mile delivery services with a now valuation of more than $1 million.
Satori Giants, known for its unique approach that blends venture capital with venture studio practices, focuses on high-potential markets in Southeast Asia. Jalat Logistics, which provides efficient same-day delivery with end-to-end convenience for both parcel senders and recipients, is now set to benefit from this approach.
Investing In Ambitious Founders, SMEs & Technology-Driven Companies
Riz Aslam, CEO of Satori Giants, commented on the investment, saying, “We invest in ambitious founders, SMEs, and technology-driven companies that are revolutionizing old business practices. Jalat is a great example of an innovative business tackling a traditional sector to propel it into the 21st century. By making use of advanced technology to streamline same-day deliveries, Jalat is also lowering the cost per delivery and reducing the environmental footprint associated with logistics.”
Henry Maw, Chairman of XVH, expressed excitement about the collaboration, noting, “We are super excited to announce this investment as it aligns with our strategy to back tech-based ventures. In Jalat’s case, their all-in-one logistics management portal has the potential to become a leading player across the region. Furthermore, Jalat’s commitment towards operational excellence through its innovative mobile warehouse concept will further strengthen its ambitions to expand and scale quickly.”
The investment, valued at a seven-figure sum, aims to support Jalat Logistics’ long-term growth. The funds will be utilized for the vertical expansion of its services, scaling its warehouse operations, and preparing the company for international expansion. Sou Sreyphoung, Chairwoman of Jalat Logistics, emphasized the strategic importance of the partnership, stating, “We are happy to have Satori Giants and X Venture join us in this journey as we scale our business in and beyond Cambodia. We are committed to bringing innovation into our service, aiming for a standard same-day delivery that is reliable, convenient, and informative. Additionally, ‘flexibility’ in which businesses can ship with different speed and size options.”
For full article, please read here
Source: Cambodia Investment Review
May 17, 2024
