Bringg has built software to help retailers with last-mile logistics — specifically to manage, and in some cases even tap, people fulfilling deliveries.
It has raised $100 million in a Series E round of funding and has confirmed that the funding values the company at $1 billion — representing a hike of about 4x on its previous valuation due to company’s strong growth of 180% in new customers over the last year, given the pandemic.
The funding will be used to meet the increasing global customer and market demand by quickly scaling Bringg’s platform through M&A and by growing its ecosystem of strategic and technology partners.
Source: TechCrunch
Read more at https://tcrn.ch/3iLA6A0
