Smart partnership: (from left) Mudasar, Lum and Gillon at the briefing KUALA LUMPUR: Three friends from three countries have come together to create a “Uber-like technology platform’’ that can match the needs of shippers with transportation companies in Malaysia and Singapore.
Funded by wealthy private investors from the US, Australia and Singapore, the three co-founders of Ezyhaul Sdn Bhd – chief executive officer Raymond Gillon from the Netherlands, CSO Nicky Lum from Malaysia and chief operating officer Mudasar Mohamed from India – have plans to set up a similar platform in Indonesia later this year.
Last year, they raised seed capital of S$1.2mil to set up the company and with expansion on the cards, they plan to raise about the same amount later this year.
Together they hold about 75% stake in the company while their investors hold the balance. The co-founders have around 20 years of experience each with deep knowledge of the haulage industry in this region.
The three saw opportunities in a “lucrative market” for a logistics platform linking shippers and transportation companies while working for UTi Worldwide Inc, a Danish haulage company.
Whether they will issue new shares or sell existing stakes has yet to be finalised but Gillon said: […]