Uber-inspired Lalamove pushes forward with $100 million Series C investment

Commentary

Following its $30 million Series B round, Lalamove sealed another $100 million last week with a valuation of almost $1 billion and Unicorn status. The Hongkong-based logistics startup, which sprang from an Uber-like concept back in 2013, seems to not be leaving any page unturned. While focusing on small to medium sized businesses, Lalamove has leveraged its mobile app technology with service order matching, real time delivery tracking, and a customers sharing system to achieve fast, simplified, and reliable fulfillment. Currently, it covers 100 cities in China and Southeast Asia, with 15 million registered users and 2 million drivers. Now, Lalamove looks to expand its reach in Hanoi, Jakarta, and Kuala Lumpur. It’s also keen at doubling the headcount, improving average delivery time, and adding features that promise greater customer engagement. With sharp focus, lean operations, and efficient systems, Lalamove has a chance to establish itself as the leader in Southeast Asia’s logistics industry, which accounts for 15% of the region’s economy.

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