Asia Digest: Pakistan’s Truck It In, Australian startup Shorthand raise funds

Photo by Micheile Henderson on Unsplash

Pakistan-based logistics tech platform Truck It In and Australian startup Shorthand have raised funding.

Pakistan’s Truck It In raises $1.5m

Pakistan-based logistics tech platform Truck It In has raised $1.5 million in its pre-seed round led by Global Founders Capital and Fatima Gobi Ventures, according to an announcement.

Deosai Ventures, BitRate VC, +92 Ventures, founders of autonomous driving firm Wayve, and senior executives from ride-hailing firm Careem also participated in the funding round.

The startup plans to use the funds to solve supply chain issues and digitise road freight in Pakistan.

Truck It In was founded in 2020 by executives who led operations for Careem and Bykea. The company focuses on simplifying road freight for over 3.3 million businesses in Pakistan.

Australian startup Shorthand raises $8m funding round

Shorthand, an Australian startup that owns a no-code platform allowing publishers and brands to create multimedia stories, has raised AUD$10 million ($8 million) from Fortitude Investment Partners.

This is Shorthand’s first institutional round of funding, and the company has been profitable for the past two years, according to TechCrunch.

The platform’s customers include the BBC, Dow Jones, the University of Cambridge, Nature, Manchester City FC and Peloton.

Fortitude Investment Partners specialises in growth capital investments in Australia and New Zealand.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.