Karzo announces new name as it grows Myanmar business and expands into cross-border trade

Yangon, Myanmar,  18 February 2020 – Karzo, a tech-based logistics provider in Myanmar, has today announced its new B2B focused business strategy as it embarks on the next stage of the company growth. The change in strategy reflects a growing demand for transportation logistics services amongst businesses in Southeast Asia.

 

It follows a change in name and brand for the company that was formerly known as Kargo. The company unveiled its new name, Karzo, at an event on 6 February 2020 at their offices, Esperado Tower in Yangon, Myanmar. The event was attended by an array of Karzo’s clients, fleet service providers and other invited guests.

 

Karzo’s digital platform acts as an end-to-end service for both short- and long-haul trucking, connecting independent truck drivers, fleet owners, 3PLs and commercial logistics providers directly with all types of businesses. It offers a reliable and trackable distribution and delivery solution for businesses faced with an out-dated logistics industry in the region.

 

Alex Wicks, Founder & CEO of Karzo, said: “We have built a successful company over three years of operations and believe that our B2B focus sets the foundation for the next stage of the company growth. The focus on B2B also allows us to channel our resources on strengthening our presence along key freight and border corridors of Myanmar to prepare for cross-border expansion across Southeast Asia. The Myanmar freight market is expected to grow by 300 percent in the coming years. With such a fragmented logistics market, our platform simplifies trucking through one simple dashboard that manages shipments both across Myanmar to other markets in the region.”

 

As part of its B2B focus, Karzo is releasing an advanced platform featuring a sophisticated Transport Management System that will further modernise the logistics industry in Myanmar and the region. The company is also rolling out a dedicated training programme for its partners for the easy integration and adoption of the system for automation of logistics.

 

“There is a tremendous opportunity for us to scale in Myanmar and in the wider region. We are ready to leverage this and will embark on our Series A fundraising this month. It’s an exciting time for Karzo and we are confident of making a positive impact across the region,” added Wicks.

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