Gobi Partners leads $14.5m round in logistics platform Deliveree

Visual on Deiveree's LinkedIn page.

Chinese venture capital firm Gobi Partners has led a $14.5-million series A round in Deliveree, a logistics platform startup that covers metro areas in Thailand, Indonesia, and the Philippines.

PSA Unboxed, Asia Summit Capital, and founding investors of Inspire Ventures, and Ardent Capital  participated in the round.

Launched in 2015 in Thailand, Deliveree enables businesses to move their goods, merchandise, and cargo throughout Bangkok, Jakarta, and Manila, aided by its mobile and web app platform that provides companies with access to thousands of qualified drivers of commercial vehicles on a pay-as-you-go basis.

Known also as Transportify in the Philippines, the ground logistics marketplace claims to reduce ground transport costs by as much as 50 per cent.

Deliveree plans to use its fresh capital to expand logistics technology solutions to businesses in Southeast Asia.

Gobi’s partner Kay-Mok Ku cited Deliveree’s team, operating model, and technology as basis for making the investment, seeing the startup’s ability to lead the industry in the region.

“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,” Ku said.

According to Deliveree co-founder Tom Kim, the shift to marketplace solutions is progressing rapidly across key areas of logistics with the intracity movements of cargo and goods.

“Deliveree’s marketplace of 15,000 trucks, vans, pickups, and economy vehicles across Southeast Asia are 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,” Kim said.

Also Read:

Gobi Partners aims for second close of ASEAN Growth Fund at $100m by 2017-end

HK’s GOGOVAN, 58 Suyun follow merger with $200m fundraising plans

Alibaba Entrepreneurs Fund injects $10m in six Hong Kong startups