Logistics startup Lalamove bags $30m Series B for expansion to more than 100 cities

Image from Lalamove

Beijing-based venture capital firm Xianghe Capital has led a $30-million Series B financing round in Hong Kong headquartered on-demand delivery company Lalamove, with participation from Blackhole Capital, MindWorks Ventures, Crystal Stream and Thailand’s Asia Plus Group Holdings.

This investment round exceeds its previous three rounds of financing, bringing the startup’s total funding to a combined $60 million.

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