Hong Kong-based Logistics Startup Lalamove Raises US$100 million In Fresh Funding

Hong Kong-based Logistics Startup Lalamove Raises US$100 million In Fresh Funding

Lalamove, originally known as EasyVan, an on-demand logistics company based in Hong Kong that matches users and drivers to provide same-day delivery and courier services, has raised US$100 million in new funding.

The round was led by ShunWei Capital, with participation from several existing investors, including Xiang He Capital and MindWorks Ventures.

With the new funding, the startup plans to double down its growth push in China and Southeast Asia and launch new features.

  • Founded by Chow Shing-Yuk in 2013, Lalamove now operates in over 100 cities including Singapore, Thailand, Taiwan.
  • It claims to serve more than 15 million users and have over two million drivers on its platform
  • The startup connects users and freelance drivers and provides same-day delivery services for small and medium-sized enterprises including restaurant deliveries
  • The company claims that its platform is capable to match customers and drivers within 12 seconds.

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