SEA-based lalamove to raise $30m series B round in 2016

SEA-based lalamove to raise $30m series B round in 2016

Lalamove head of international Blake Larson (left) and regional country operations managing director Santit Jirawongkraisorn

Southeast Asia’s on-demand delivery app lalamove expects to secure $30 million in Series B funding round in the first half of 2016, to improve service quality and to further its expansion plans.

“Around 60 per cent of the proceeds from Series B funding round will go towards our expansion in new cities, and the other 40 per cent will be used to strengthen our brand and improve service quality in existing cities,” Blake Larson, Head of International at lalamove, told DealStreetAsia.

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