Indonesian logistics startup Shipper said to have raised up to $20m from Naspers, others

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Indonesian logistics startup Shipper is said to have raised up to $20 million in its Series A round from South Africa-headquartered global internet group Naspers and existing investors, according to two people aware of the matter.

The fresh capital will be used as extra ammunition and buffer at a time when the COVID crisis has crippled several industries, according to sources. The company will also deploy the funds to finance its expansion and hiring plans, they added.

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