Philippines: Logistics major 2GO invests in on-demand delivery startup Mober

Philippine delivery-on-demand startup Mober said it will further expand in key cities in the country after securing an undisclosed amount of investment from logistics giant 2GO Group Inc.

In a statement on Friday, the two-year-old startup revealed that the investment proceeds from the country’s largest logistics firm will be used to further enhance the Mober app, in addition to expanding its business and adding more van partners.

Mober’s same-day cargo delivery service connects small and medium enterprises (SMEs), shoppers, and families with a “cost-effective, safe and fast logistical service with a dedicated customer support”.

Financial details of the investments were not officially disclosed but a source told DEALSTREETASIA it was a seven-figure US dollar deal.

The investment means the startup will now be a partner of 2GO Group Inc in providing on-demand delivery service, especially for big items.

Mober Founder and CEO Dennis Ng said, aside from the latest capital infusion, Mober will also get to service the businesses of retail giant SM, providing them same-day delivery capabilities.

Mober, the platform chosen by brands like Dunlop, Betterdogs, Fujidenzo, Adidas, Mandaue Foam, and Dimensione, will be adding SM Appliance, Our Home, SM Department Stores, and other SM affiliates to its roster of clients.

“We saw a problem that SME’s usually encounter – they have to buy their own delivery van, increased CapEx. So we realized why not build a company which provides a solution to this problem,” Ng said.

2GO Group President Frederic DyBuncio said, Mober fills in the gap for 2GO being a technology platform that allows on-demand delivery service. 2GO is embracing the multiple opportunities the digital world brings, according to the company.

2GO Group Inc, the largest logistics provider in the Philippines, owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services.

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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.

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.