Logistics company, Deliveree, has secured €12.3 million in series A funding to expand its operations in Southeast Asia. Venture capital firm, Gobi Partners, PSA Unboxed, Asia Summit Capital, and Inspire Ventures all participated in the funding round.
Since 2015, Deliveree has offered the Bangkok, Jakarta and Manila markets a mobile web app platform that provides companies with access to thousands of qualified drivers of commercial vehicles on a pay-as-you-go basis which reportedly reduces ground transport costs by up to 50 per cent.
“The shift to marketplace solutions is progressing rapidly across key areas of logistics,” said Deliveree CEO and Co-Founder, Tom Kim. “This is acutely true with the intra-city 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.”
“Gobi is delighted to lead Deliveree's Series A,” said Deliveree Partner, Kay-Mok Ku. “On the heels of our successful investment in GoGoVan, we believe that Southeast Asian businesses will increasingly adopt similar marketplace technologies to solve challenging old-world logistics problems. Deliveree's team, operating model, and technology are the best positioned to lead the industry in this region.”