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.