‘Uber For Logistics’ Startup Lalamove Raises $30M To Expand Beyond 100 Cities In Asia

Lalamove, a Hong Kong-based logistics on-demand service, has closed a $30 million Series B as it begins to consider a public listing.

The company, which was founded as EasyVan three years ago, is currently present in 50 cities in China and five cities across Southeast Asia. It plans to use this new capital to expand to 60 more cities in China and Asia by the end of 2017.

This round takes the company past $60 million raised from investors. The Series B was led by Beijing-based Xianghe Capital, a new VC firm founded by Baidu’s former head of M&A Hesong Tang. New investor Blackhole Capital participated alongside existing Lalamove backers MindWorks Ventures and Crystal Stream.

In an interview with TechCrunch, Blake Larson, Managing Director for International at Lalamove, said the company is close to reaching profitability.

Source:
https://techcrunch.com/2017/01/10/lalamove-series-b/

 

#tttGlobal #blog #Startups #uber #uberization #China #Lalamove

SEND US A MESSAGE
TTTGlobal - Investments

INVESTMENTS
& FUNDING

As TTT Global, we invest in the wide range categoires of energy, technology, media and startup projects in 40 countries worldwide.

TTTGlobal - Project Development

PROJECT
DEVELOPMENT

TTT Global has a client centric business model that gives us the agility to deliver the full range of our services globally.

TTTGlobal - Project Management

PROJECT
MANAGEMENT

As TTT Global, we are aware that the work structure of each business is unique to itself.

TTTGlobal - Start-Up Management

START-UP MANAGEMENT / DEVELOPMENT

As TTT Global, we believe in the soul of StartUps and Incubation.