Pakistani digital freight marketplace BridgeLinx raises $10m seed fund

BridgeLinx, a digital freight marketplace and logistics provider based in Pakistan, announced that it has raised the country’s largest-ever seed funding of $10 million.

The funding round was led by Harry Stebbings’ 20 VC, Buckley Ventures, and Indus Valley Capital. Wavemaker Partners, Quiet Capital, TrueSight Ventures, Soma Capital, Magnus Rausing’s UNTITLED, and Flexport also participated.

BridgeLinx, which connects shippers with carriers such as truckers, owner-operators, and private fleets, said it will use the fresh capital to broaden its product stack and expand across additional verticals, segments, and lanes.

The startup was founded by Muhammad Saad, Ahsan Tanveer, Abbas Hassan, and Salman Gul. It claims to have onboarded thousands of carriers to move thousands of freight loads each week for many of the largest shippers in Pakistan.

The platform provides end-to-end load execution, from matching, despatch, and port operations to field support, documentation, and payments.

Gul, co-founder and CEO of BridgeLinx, said deploying technology to optimise and create visibility across global supply chains is a trillion-dollar opportunity.

The startup, he added, seeks to “redefine the way in which businesses manage supply chains” from procurement and shipping to warehousing and distribution. “Our journey starts with road freight in Pakistan,” Gul said.

Roads are the predominant mode of transport in Pakistan, accounting for over 96% of freight traffic, according to data from the Asian Development Bank.

For goods-producing countries like Pakistan, strong logistics is an essential component of the supply chain and is a key driver for private-sector development and overall economic growth, the Punjab Board of Investment & Trade said.

Commenting on the investment, Indus Valley Capital managing partner Aatif Awan, former senior Linkedin and Microsoft executive, said BridgeLinx “has cracked the code” for making end-to-end freight work.

Indus Valley Capital’s portfolio companies include mass transit system Airlift, online marketplace Bazaar, and female fitness startup Aimfit.

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.