Logistics marketplace Deliveree, also known as Transportify in the Philippines, has secured US$14.5 million in series A funding.
According to Deliveree, the investment round was led by Indian venture capital firm Gobi Partners and included PSA Unboxed, Asia Summit Capital and Inspire Ventures. The new funding will be used to fuel the company’s growth as a major ground logistics marketplace for Southeast Asia and to expand its logistics technology solutions to businesses.
“The shift to marketplace solutions is progressing rapidly across key areas of logistics,” said Tom Kim, CEO and co-founder of Deliveree. “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 is 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 was launched in 2015 and operates throughout the metro areas of Bangkok, Jakarta and Manila. Its mobile and web app platform provides companies with access to thousands of commercial vehicle drivers on a pay-as-you-go basis, which reduces ground transport costs by as much as 50%.
“Gobi is delighted to lead Deliveree’s series A,” said Kay-Mok Ku, partner of Gobi Partners. “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.”