Tiger Fang, CEO & Co-Founder of Kargo, digital freight logistics marketplace that serves the entire Indonesian archipelago on becoming Endeavor High-Impact Entrepreneur and gaining access to various support services to help companies scale up.
Jakarta, 23 March 2021 – Endeavor announced today that Tiger Fang, CEO & Co-Founder of Kargo, was selected as an Endeavor Entrepreneur at the 13th Virtual International Selection Panel held on March 21-23, 2021. Tiger was selected into the global Endeavor network by a panel of global business leaders including Dan Caruso, Managing Partner, Caruso Ventures (Endeavor Colorado Board Chairman); Firat İşbecer, CEO, Commencis (Endeavor Entrepreneur; Endeavor Turkey Board Member); Husodo Angkosubroto, Chairman, Gunung Sewu Kencana (Endeavor Indonesia Board Member); Kyle Porter, Founder & CEO, SalesLoft (Endeavor Entrepreneur); Markus Bihler, Co-founder & CEO, Builders Union (Endeavor Entrepreneur); and Roshini Bakshi, Managing Director, Everstone Capital Advisors (Endeavor Ambassador).
Endeavor selected 14 entrepreneurs leading six companies at the Thirteenth Virtual International Selection Panel (vISP) held March 21-23, 2021. Endeavor now supports 2,155 entrepreneurs leading 1,344 companies in nearly 40 markets around the world.
The vISP was presented by General Atlantic, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.
Endeavor’s International Selection Panel is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off.
As part of Endeavor’s network, the newly selected entrepreneurs will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 4.1 million jobs, generated $26.8 billion in revenues in 2019, and help build sustainable growth models in their home countries.
Tiger Fang of Kargo joins the Endeavor network through the regional Endeavor affiliate office based in Indonesia. As the 59th entrepreneur to be selected from Indonesia, Endeavor Indonesia now supports 59 Endeavor High-Impact Entrepreneurs leading 45 companies.
All panellists at the International Selection Panel unanimously agreed to vote for Tiger Fang to become an Endeavor Entrepreneur
“Tiger is the kind of entrepreneur who is meant to build a unicorn, very impressive! He’s building a challenging business but his long-term vision of being a part of Indonesia’s digital infrastructure in logistics is fascinating,” said Firat Isbecer, CEO & Co-Founder, Commencis (Endeavor Turkey Board Member).
Prior to Kargo, Tiger helped to launch Uber’s operations in Indonesia, Malaysia, Thailand and China from scratch and scaled operations in Indonesia & Western China, serving as General Manager. Before Uber, Tiger worked at Lazada as the company’s managing director, leading the firm’s commercial developments in Thailand and Vietnam. Before a career in tech, Tiger was the Assistant Vice President of Alternative Investments at Bank of America Merrill Lynch based in New York.
Kargo was founded in 2018 and transformed Indonesia’s US$ 250 billion trucking industry. At ~25% of the nation’s GDP, Indonesia’s logistics cost is among the world’s highest. Trucks move everything, yet billions of kilometres are driven empty. The whole supply chain largely depends on phone calls and paper. Kargo is reimagining logistics with technology.
In 2019, Kargo raised a US$ 7.6 million seed funding round led by Sequoia Capital India. Travis Kalanick’s 10100 fund; Pandu Sjahrir’s Agaeti Ventures; Patrick Walujo, co-founder of Northstar Group; Intudo Ventures; Zhenfund; ATM Capital; and Innoven Capital also participated in the funding round.
Endeavor believes that its support in market expansion and capital raising will set Kargo up for success during this phase of hyper-growth and Tiger Fang’s professional & entrepreneurial experiences can be a great role model for the next generation of High-Impact Entrepreneurs.