Chinese venture capital firm Gobi Partners has led a $14.5-million series A round in Deliveree, a logistics platform startup that covers metro areas in Thailand, Indonesia, and the Philippines.
PSA Unboxed, Asia Summit Capital, and founding investors of Inspire Ventures, and Ardent Capital participated in the round.
Launched in 2015 in Thailand, Deliveree enables businesses to move their goods, merchandise, and cargo throughout Bangkok, Jakarta, and Manila, aided by its mobile and web app platform that provides companies with access to thousands of qualified drivers of commercial vehicles on a pay-as-you-go basis.
Known also as Transportify in the Philippines, the ground logistics marketplace claims to reduce ground transport costs by as much as 50 per cent.
Deliveree plans to use its fresh capital to expand logistics technology solutions to businesses in Southeast Asia.
According to Deliveree co-founder Tom Kim, the shift to marketplace solutions is progressing rapidly across key areas of logistics with the intracity movements of cargo and goods.
“Deliveree’s marketplace of 15,000 trucks, vans, pickups, and economy vehicles across Southeast Asia are servicing thousands of customers daily, including large corporations, big brands, and respected logistics companies. Within our markets, whatever products you’re using today, there’s a good chance they were moved in one of our vehicles,” Kim said.
Source: Deal Street Asia
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