Keppel Logistics increases stake in UrbanFox for $17m

It will be used to boost growth.

Keppel Logistics announced that it has increased its stakes in UrbanFox, which is an omnichannel logistics and channel management solutions brand, amounting to $17m.

Keppel will have a total of 85% stake in UrbanFox, with a previous capital investment of 59.6%.

UrbanFox aims to invest in technology, specifically in growing e-commerce channel management. The company also aims to optimise its foothold in Singapore, and find new opportunities in Southeast Asia by establishing more online marketplaces.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.