Tag: LALAMOVE

Lalamove brings total funding to USD 60 million

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Lalamove, a Hong Kong based on-demand delivery company, completed its Series B Financing round, raising USD 30 million.

The Series B Financing round was led by Xianghe Capital, a Beijing VC firm founded by former Head of Baidu M&A, Mr Hesong Tang, with participation from Blackhole Capital and existing shareholders MindWorks Ventures, Crystal Stream and Thailand’s Asia Plus Group Holdings. The investment round exceeds its previous three rounds of financing, bringing the startup’s total funding to a combined USD 60 million.

With the investment, Lalamove will continue to expand aggressively in Asia, where it plans to launch in an additional 60 cities by the end of 2017. It already maintains the largest service area in Asia for intracity delivery, where its app connects users with more than 500,000 delivery drivers.

“Logistics is a big market – a USD 1.7 trillion market in China – and it accounts for up to 27 percent of GDP for some countries in Southeast Asia; it is underpenetrated by mobile internet,” Mr Shing Chow, Lalamove Founder and CEO, said. “Our users have said they want faster and simpler ways to send things in their cities and we have proven that we can help them deliver anything in less than an hour.

“The evolution of the logistics industry has not been as rapid as some other markets like communication, but we believe we are at a tipping point where transformation will now happen very rapidly. We will see some amazing companies built this sector.”

Lalamove’s fast growth was enhanced by key partnerships with the world’s foremost tech companies. In 2016, Lalamove partnered with LINE, one of the world’s leading mobile platforms, to develop the LINE MAN app, which gives users the ability to quickly purchase and receive documents, packages, food and grocery items in Thailand. The company previously developed enterprise solutions for Google and IKEA as well.

“In our two years of operations in Bangkok, Lalamove has become the city’s leading on-demand delivery app and we have witnessed significant growth both from users and drivers. This funding will not only enable us to expand to other cities, but also to offer additional services to meet the needs of our users and to further develop and upgrade the app with new features,” pointed out Chanon Klahan, Lalamove Thailand’s Managing Director.

“Lalamove is a textbook example of how the internet helped to improve a traditional industry,” Mr Hesong Tang, Founder of Xianghe Capital, said. “We appreciate the vision and determination of Mr Shing and his team, and believe this rapidly expanding company will become a hugely influential enterprise.”

Lalamove is not only the first real-time intracity logistics company, it is expected to become the biggest and most successful in Asia, and potentially worldwide,” said Mr David Chang, Founding Partner of MindWorks Ventures. “Intracity logistics is a high-frequency enterprise, and will become a very important traffic portal, ensuring its foothold in a massive global market.”

“We are excited to once again participate in this round of funding with Lalamove and to support their team to reach the next level of growth in Thailand and beyond,” added Asia Plus Group Holdings’ CEO Dr. Kongkiat Opaswongkarn.

 

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Lalamove Satisfies City’s Hunger for Food Delivery

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Hong Kong based on-demand delivery app Lalamove is moving into restaurant and food delivery across Bangkok to feed the growing appetite for appetizing restaurant dishes and produce to be brought straight to customers’ doors.

Restaurants and food producers invited to use Lalamove’s 24/7 dedicated courier service receive a stamp of approval with a ‘Lala Recommended’ graphic featured on Lalamove social media. Invitees are selected for their high quality cuisine, outstanding reputation and popularity amongst customers.

Alongside this insignia, dishes and produce are promoted on Lalamove’s Facebook and Instagram pages, giving businesses a real boost and satisfying demand for reliable delivery for hungry customers too.

In return, ‘Lala Recommended’ restaurants and food companies are promoting Lalamove services via their own social media too; reminding customers that Lalamove is the go-to app for all delivery needs in the city, from important documents via motorcycle courier to large items of furniture via pickup truck, and everything in between.

The food delivery scheme which began recently already offers a wide array of tempting ‘Lala Recommended’ cuisine, from high-class dinners to nourishing comfort foods and lunches for health-conscious workers across the city. This includes fresh seafood from Lobster Gangster and The Cooking Crab, Japanese dishes with Taka Sashimi Express, plus juices and wheatgrass shots with Own Your Own Fresh, plus much more.

Lalamove Delivers Lifestyle Services with LINE

Lalamove Delivers Lifestyle Services with LINE

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Hong Kong based on-demand delivery app Lalamove is partnering with the world’s leading mobile platform LINE to expand on its delivery services in Bangkok.  The LINE MAN app is aimed at bringing reliable on-demand services to consumers as well as providing convenience to their increasingly busy lifestyles.  LINE MAN is one of LINE’s first ventures to “be more than a chat app” and LINE has chosen Thailand to be the first market to launch LINE MAN.

The LINE MAN smartphone platform offers three services: document and package delivery, food purchase and delivery, and convenient goods purchase and delivery.  The delivery of all 3 services is provided by Lalamove, and currently limited to within Bangkok for now with plans for expansion.  LINE has a large user base of over 33 million in Thailand.

The announcement follows a global conference in March 2016 where LINE revealed a five-year plan to create a ‘smart portal’. The goal is to close the loop between businesses and LINE users and go beyond their original chat app strategy.

Santit Jirawongkraisorn, Co-founder and Managing Director of Lalamove Thailand believes partnering with LINE is a natural progression. “This year, we have been marketing our online delivery services primarily to small and medium sized businesses. The addition of LINE MAN will bring Lalamove’s high quality services that many businesses have enjoyed to general consumers, which appeals to the Lalamove strategy and brand.”

Meanwhile, the choice of Lalamove to deliver LINE MAN services demonstrates real confidence in the logistics app profile. According to Ariya Banomyong, Managing Director of LINE Thailand, “LINE MAN aims to offer best quality lifestyle services and help businesses leverage digital tools to connect with consumers, and Lalamove, as a leading on-demand delivery service provider in Thailand, made them a natural choice for LINE MAN”.

 

LINE MAN will offer courier services through the Lalamove fleet of motorcycles, with cash payments.  Consumers will be able to order food via restaurant database app, Wongnai.

 

LINE MAN is free to download at the Google Play store and Apple store.

http://onelink.to/lineman