Mubadala joins Dutch same-day delivery platform Dostavista’s $35m Series C round

Borzo's founding team: Alex Shamis (left), Mike Alexandrovski and Dmitriy Zubkov.

Amsterdam-based same-day delivery platform Dostavista, the operator of MrSpeedy in Southeast Asia, has raised a $35 million Series C investment and re-branded itself as Borzo.

Investors in the Series C round include Abu Dhabi state fund Mubadala, Swedish tech investor VNV Global, Russian Direct Investment Fund, and the UK-based Flashpoint Venture Capital.

The company has grown its businesses organically in 10 different countries. Its Southeast Asian unit, MrSpeedy, is present in Indonesia, the Philippines, Vietnam, and Malaysia. Meanwhile, Borzo also runs businesses in India, South Korea, Russia, Turkey, Mexico, and Brazil.

Founded in 2012, Borzo provides same-day delivery services through its website or mobile app. The company said its customer base has reached 2 million active users, 75% of which is small- and medium-sized businesses, and it has over 2.5 million couriers. Borzo added it could fulfil up to 3 million orders per month.

The company said rebranding the entire operations will help it optimise marketing resources, and build a universally-recognisable global brand. The businesses in each market will continue to operate individually through local teams.

“We at Borzo always believed that on-demand delivery will become a new normal as it’s beneficial for all parties involved and we’re glad it’s happening,” said Mike Alexandrovski, founder of Borzo.

“The true fundamental shift in e-commerce took place with the increasing reliability and convenience of on-demand delivery services,” Faris Al Mazrui, head of Russia and CIS at Mubadala, commented on the evolving on-demand delivery space.

Prior to the Series C round, Borzo had raised a total of $24 million from VNV Global, Flashpoint, Russian VC firm AddVenture and US-based FJ Labs, among others, according to Crunchbase.

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.

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.