Tiger Fang, Ex-Uber Exec raises $31 Million for his Start-up Kargo to battle Coronavirus

Kargo is a Jakarta based logistic company. Tiger Fang who is a former Uber Executive found Kargo to connect shippers and their customers. The start-up takes some of the concepts behind Uber and applies them to trucking and logistics. That’s to say that business customers order trucks using a mobile app or websites but on a larger scale. Unlike Uber, Kargo works with truck operators and 3PLs rather than truck drivers themselves.

Silicon Valley-based Tenaya Capital, Sequoia India and Intudo Ventures, among others, were the major funders. They received the seed fund a year ago from Sequoia India and Travis Kalanick, another former Uber chief executive officer.

In an unusual Series A announcement pitch, the start-up raised $31 million. With the new funding, Tiger has described the plan with the amount. It wants to help companies in Indonesia fight the coronavirus. Here's what it will do:

- $1 million relief fund for truckers.

- Kargo employees have contributed their salaries

- Fang is not taking any salary for next year

- New practices to minimize human contact during its operations, including electronic proof of delivery

- Partnership with several charitable organizations including Kita Bisa, PT Akar Indah Pratama, with whom it is working to deliver meals and essential medical supplies to healthcare workers and patients at multiple hospitals.

A little about Kargo CEO Tiger Fang

Tiger Fang along with Yodi Aditya founded Kargo in 2018. Before this, he worked with Uber Technologies Inc. for five years. In these five years, he led the operations for Uber in Western China and later in Indonesia.

He has also worked with Rocket Internet SE, an incubator that invests in the set-up and development of proven, transaction-based business models in the online and mobile space. Here, he was a venture developer for 5 months. Tiger was also the Managerial Director at Lazada Group, an e-commerce retailer. In an impressive resume, he has also worked with Bank of America, Apple and Morgan Stanley.

His career paved the way to establishing Jakarta-based Kargo Technologies.