Qoo10 logistics subsidiary bags $50m in a round led by Crescendo Equity

Global logistics service provider Qxpress, a subsidiary of pan-Asian ecommerce platform Qoo10, bagged US$50 million in a round led by private equity investment firm Crescendo Equity Partners.
The funding will enable Qxpress to improve the reliability and security of its platform as well as extend the reach of its logistics network. It will also help the Singapore-based company to offer competitive prices for its cross-border delivery services. It claims to complete 97.5% of cross-border deliveries to Singapore within four to five days.
Qxpress, which currently serves Singapore, Malaysia, Indonesia, Korea, Japan, China, and the US, said it plans to expand into more countries in Southeast Asia, including Taiwan and Hong Kong.
It is also working to extend the range of its warehousing and fulfillment services, which currently includes storage and inventory management. The company said these services, which are available in Singapore and Japan, will be rolled out to other markets soon.
Profile
AAC Cargo is an international Freight Forwarding company, based in Dubai, with a reputation for providing outstanding quality that continues to secure a loyal customer base. The Company has developed a strong, young management team, which together with the founding Directors are committed to working within established quality procedures to provide each customer with the most reliable personalized service and dedicated to the continuous development of both our people and our services.
We pride ourselves on providing a flexible and innovative approach to achieving solutions for our customers, helping them in turn to meet the increasing demands of their customers. Our greatest asset is our people. We are committed to giving them the necessary training and tools, including cutting-edge technology, to provide the highest level of customer attention in the transportation logistics industry.
We are a team of highly experienced professionals who served the shipping and transportation industry with dedication and distinction for a very long time. Our long experience helped us to develop very strong relationships with the Exporters, Importers, various Government organizations like Port Authorities, Customs, Chambers, Free Zone Authorities, etc. We leverage this enormous network for the benefit of our customers to provide the finest international transportation and logistics services.
We offer a complete range of logistic solutions at competitive prices, personalized customer service and a worldwide network of offices and affiliates among others. Our advanced and value added services together with our high ethical standards helps us gain the respect and appreciation of our customers. Our ability to create customized solutions in specialized areas such as industrial logistics and other critical areas of multimodal transportation is the result of our pragmatic approach.
AAC CARGO L.L.C, Dubai, U.A.E
www.aaccargo.com/en
Tel: +971 4 8880718
Air Freight | Sea Freight | Express Cargo | Courier Express | International Movers | Boat Relocation |Car Shipping | Parcel | Project Cargo | Fine Arts cargo




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International Cargo and LogisticsServices
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Air Freight, Sea Freight, Express Cargo, Courier Express, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo, Fine Arts cargo.

Air Freight, Sea Freight, Courier Express, International Movers, Boat Relocation, Car Shipping

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