BEAMSTART Logo

Investors can now own shares in this logistics firm that's growing over 5X each year

GoLog aims to capture a piece of the $162 billion cold-chain logistics industry by 2026


Investors can now own shares in this logistics firm that's growing over 5X each year | BEAMSTART News

Asia's cold-chain logistics industry is expected to become a $162 billion industry by 2026, and Malaysian technology firm GoLog is at the forefront of it.

The firm, which expects to draw in over RM11 million in turnover this year, has just launched an equity crowdfunding (ECF) campaign to fundraise for accelerated growth.

Through the ECF campaign, GoLog will be able to officially raise funds from the public, allowing anyone to become shareholders in the company.

About GoLog's equity crowdfunding campaign.

GoLog is transforming the cold-chain logistics industry

Unlike traditional logistics, cold-chain logistics caters to deliveries that are temperature sensitive — where products need to be kept in low temperature environments and delivered quickly to avoid damage.

In the past, the industry has been plagued by many problems — damaged goods, high costs, long waiting times, human errors, interrupted services, and plenty more. 

To solve these challenges, GoLog provides a comprehensive solution powered by artificial intelligence and machine learning that automatically matches sellers with logistics service providers — ultimately ensuring products are delivered fresh, fast, and at lower costs than other services in the market.

This has not only been a game-changer in the industry, but boosting GoLog's revenues from a mere RM50k/year back in 2018 to over RM1.9 million in 2020.

Some of the GoLog team members.

GoLog plans to go public within the next 3 years

With new funds from the ECF campaign, GoLog aims to strengthen their delivery fleets and set up cold-chain hubs across the country, all while investing heavily in technology allowing them to accommodate a higher volume of customers.

The goal is to ultimately become an end-to-end cold-chain logistics service provider that is highly efficient, affordable, and accessible to anyone.

In 2021, GoLog expects to grow revenues by over 10x as the market recovers from the global pandemic, and eventually raise a Series A round by year end.

According to GoLog founder, Ivan Chin, the company aims to go public within the next 3 years, and already has the participation of several strategic investors from large corporations.

GoLog founder, Ivan Chin.

GoLog's Equity Crowdfunding Campaign goes live soon

GoLog is currently raising up to RM4 million (~USD $1 million) via a regulated equity crowdfunding platform, with the campaign expected to go live in March 2021.

"With the advent of technology, we believe the cold-chain logistics space is a multi-billion dollar market that is ripe for disruption. GoLog is at the forefront of this space, and looks towards becoming a major player in the coming years. With this ECF campaign, we'd love to welcome more strategic partners to be part of our journey, making it both an impactful and rewarding one", mentioned Ivan Chin, CEO of GoLog

Interested investors can obtain detailed information on the campaign via the official website here.

ABOUT THE AUTHOR

Carl Adrian

Partnerships & Content Coordinator at BEAMSTART

Based in Singapore

Works at BEAMSTART

ALSO MENTIONED IN THIS POST

GoLog

"Uber" for logistics. Sending everything with no weight limit, everything that fits into the car and operates 24/7

Industry:

Opportunities:


Have a company of your own? Create a company profile today and easily find customers, raise funds, or hire talent.

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).