Tag: Freightos

[Freightos in Air Cargo World] Freightos envisions e-commerce market dominated by Amazon, Alibaba

Amazon is on track to command 50 percent of the global e-commerce market by 2021, says Hong Kong-based freight marketplace company Freightos, however wielding that sort of clout in the grocery space, will prove more challenging. “Despite the acquisition of Whole Foods, Amazon still lacks the refrigerated equivalent of the nationwide domestic warehouse space it needs to dominate the grocery space,” Freightos said. Read more on Air Cargo World...

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[Freightos in Reuters] Online freight firm Freightos raises $25 million in funding led by GE

Freightos, an online marketplace for international shipping, said on Wednesday it raised $25 million in funding led by GE Ventures, bringing the company’s total funding to date to $50 million. “This capital raise will help to continue Freightos’ rapid expansion,” said Zvi Schreiber, founder and chief executive of Freightos, which has headquarters in Jerusalem and an R&D center in Ramallah. Read more on Reuters...

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