Deliveree raises US$14.5mil in Series A funding round

By Digital News Asia October 9, 2017

Round led by Gobi Partners with PSA Unboxed, Asia Summit Capital, Inspire Ventures also participating
Focused on solving cargo, bulk goods challenges through marketplace technology accessed via mobile, web apps

Deliveree raises US$14.5mil in Series A funding round

DELIVEREE, also known as Transportify in the Philippines, announced on Oct 9 that it has secured US$14.5 million (RM61.4 million) for its Series A led by Gobi Partners.

PSA Unboxed, Asia Summit Capital, and Inspire Ventures also participated in the round. The Series A investors join founding investors Inspire Ventures and Ardent Capital.

The new funding will be used to fuel Deliveree's growth as Southeast Asia's leading ground logistics marketplace and to expand its logistics technology solutions to businesses.

Launched in 2015, Deliveree is revolutionising the way businesses move their goods, merchandise, and cargo throughout the metro areas of Bangkok, Jakarta, and Manila.

Their mobile and web app platform provides companies with access to thousands of qualified drivers of commercial vehicles on a pay-as-you-go basis which reduces ground transport costs by as much as 50%.

“The shift to marketplace solutions is progressing rapidly across key areas of logistics,” says Deliveree CEO and co-founder Tom Kim.

“This is acutely true 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.”

Deliveree raises US$14.5mil in Series A funding round

Commenting on Gobi’s investment in Deliveree, partner Kay-Mok Ku said, “Gobi is delighted to lead Deliveree’s Series A. 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.”

"Over the past few years, there has been a substantial investment in small-parcel, last-mile consumer logistics due to the rise of e-commerce in Southeast Asia. However, this space suffers from poor operating economics," says Deliveree CFO Gagan Singh.

"Our focus at Deliveree is solving the cargo and bulk goods challenges faced by businesses with our sophisticated marketplace technology accessed via mobile and web apps. In the end, this is much more capital efficient and hence scalable," he adds.

For more technology news and the latest updates, follow us on Facebook,Twitter or LinkedIn.