SG-based logistics startup Janio raises $8m from fintech firm Choco Up

Photo: The company's social media page

Singapore-headquartered logistics startup Janio has raised an investment of $8 million from fintech firm Choco Up to further its expansion plans.

Choco Up’s investment is part of a wider closed round bridge investment, which also includes funding from Singapore-based Innoven Capital and Janio’s existing shareholders, the company said in a statement released on July 8.

Founded in 2018, Janio is a cross-border platform that provides integrated, end-to-end e-commerce logistics solutions in Southeast Asia.

Janio’s solutions allow their clients across Asia – including Indonesia, Malaysia, Taiwan, Mainland China, and Thailand – greater control over the supply chain and help streamline logistic-related paperwork using technology.

With the e-commerce industry boom in the aftermath of the COVID-19 pandemic, Choco-Up’s investment will allow Janio to boost its growth to meet rising industry demands.

The investment will also enable Janio to increase its working capital, allowing the company to carry out expansion plans and take on new emerging markets and clients without grappling with cash-flow issues.

Janio is backed by Sequoia Capital and Singapore-based Vertex Ventures and Insignia Venture Partners and Vietnam-based FEBE Ventures.

“E-commerce is at an all-time high and it’s a very good time for Janio to carry out expansion plans to secure their presence in the region as the leading provider of logistic infrastructure that helps businesses scale their operations quickly and reliably,” said Percy Hung, Co-founder and CEO of Choco Up. “They already have strong investors behind them and we expect a very exciting and flourishing future for Janio in Asia and beyond.”

“Choco Up’s backing and their fast-track funding system will provide us the quick capital necessary to carry out expansion plans with peace of mind at this pivotal time for the industry,” said Junkai Ng, CEO and co-founder of Janio.

Founded in 2018, Choco Up is an advanced data-driven fintech platform that leverages data analytics and vast integration to automate growth fund deployment and risk management. It has a presence in Hong Kong and Singapore.

Choco Up invests in rapidly scaling companies with domain expertise, established products, and proven demand, providing them with recurring access to growth capital without equity dilution.

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.