HONG KONG, July 12, 2018 /PRNewswire/ -- Vietnamese startup LOGIVAN has been named the winner of PITCH 2018 at RISE, Web Summit's tech conference in Asia.
PITCH, in partnership with HSBC, brings together the world's leading early-stage startups for a live onstage battle.This year 80 startups out of the 750 exhibiting at RISE took part in PITCH over three days.
LOGIVAN, a web platform that connects truckers with shipping capacity, has already found further investment during this week's RISE. Linh Pham, founder and CEO, only started the trucking centralisation platform nine months ago.
The startup matches trucks' spare capacity with shipments and seeks to improve the overall efficiency of the logistical network across Vietnam. Over 1,700 truckers are using LOGIVAN since its launch, with a gross merchandise volume of over US$1 million.
Andrew Connell, Global Head of Partnerships and Innovation and Asia Pacific Head of Digital, RBWM at HSBC, announced LOGIVAN as PITCH 2018 winners in front of a packed audience at Centre Stage.
RISE CEO and co-founder, Paddy Cosgrave, said: "LOGIVAN are doing incredible things in the logistics space - they really stood out - and I'm looking forward to seeing where they go next."
Lin Pahm, a former Goldman Sachs technology analyst and Cambridge University graduate, said: "We've already found investment at RISE. PITCH has given us a lot of international exposure to large companies and media and we will use it as a springboard to form strategic partnerships with companies around Asia.
"Trucking is like the backbone of an economy. Even if we can make trucking 1% more efficient we would be saving traffic jams and pollution and develop Vietnam as a more global and business friendly environment to start your business."
For the second consecutive year, HSBC has sponsored PITCH.
Andrew Connell said: "It's inspiring to see the way these startups are driving innovation and change in a range of industries. Being able to support this event and the startup community at RISE has been a fantastic experience -- there's a world of opportunity to collaborate and harness this energy in banking and beyond."
LOGIVAN matches trucks' spare capacity with shipment. Their mission is reducing logistics costs in Vietnam as well as their carbon footprint. They're proud to be part of TFI Batch 6 (Topica Founder Institute), top 5 accelerators in Southeast Asia.
Now in its fourth year, RISE, has become Asia's most important technology conference. It brings speakers from the world's biggest companies together with the world's most exciting startups in Hong Kong. It attracted more than 15,000 registered attendees this year.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,522bn at 31 December 2017, HSBC is one of the world's largest banking and financial services organisations.
The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, which serves our customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. HSBC Group serves customers worldwide from approximately 3,900 offices in 67 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,652bn at 31 March 2018, HSBC is one of the world's largest banking and financial services organisations.
PR Newswire is the News Release Distribution Partner of RISE Hong Kong 2018
Director of Communications, Web Summit
For images from RISE and of LOGIVAN receiving the PITCH award,click here.