HK mini storage firm Boxful to buy Taiwan’s ALL IN to expand its business

Photo: Boxful.

Boxful, a Hong Kong-based mini-storage company, is planning to acquire a Taiwanese premium storage firm, ALL IN to expand its business in the warehousing market, the BusinessNext reported.

The startup plans to add warehouses in the outskirts of Taipei.

Started in 2015, Boxful has expanded to four cities, Taipei, New Taipei, Keelung and Taoyuan in Taiwan.

Four months ago, Boxful raised $18 million from investors in the property sector including Shimao Property Holding Limited, Shui On Land Limited and Nan Fung Group.

Prior to that, in June 2015, Boxful raised a $6.6 million Series A funding. It followed it up with the acquisition of Go N Live, a Hong Kong storage firm, in the same year.

The mini-storage market has became an option for customers in Taiwan and Hong Kong where living spaces are congested with high property prices.

In the storage market, Boxful competes with other storage startups like Spacebox, Klosit, StuffGenie and Go N Live.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.