Singapore logistics startup Qourier raises $630k seed round

Photo from Qourier Facebook page.

Singapore-based Qourier – a logistics startup which provides last-mile, same-day delivery – has closed a $630,000 seed round which saw participation from Japanese IT company Startia and private investors Alex Tan (of German logistics company DB Schenker) and Eric Dadoun (of Singapore-based investment firm Impiro).

Qourier is founded by Wong Yongjie, Elston Yee, and Satheesh Thekku Veethil. The startup allows people to request a delivery person (i.e. courier) and entrust them with their parcel via an app.

In addition to the seed investment, the startup has also secured $70,000 from angel investor Evan Lim. This brings their total funding raised to $700,000.

Couriers recruited through the service could be professionals to students to offline Uber drivers. Payment is made through the app with the packages delivered on the same day and ranging from envelopes and documents up to 20 kg boxes.

With a focus on goods that can be delivered on foot or with a car, Qourier’s focus on this model enables it to remain flexible and operate in a niche that differentiates itself from competitors in the last-mile delivery space like GoGoVan and Lalamove.

The service was launched in March 2015 and saw its co-founders fulfilling deliveries itself in the early days of the company as it attempted to build its customers base.

According to an exchange with Tech in Asia, the firm currently claims more than 500 clients and more than 5000 delivery people on its platform.

When asked how defensible they believed their space to be, Wong explained to DEALSTREETASIA: “We believe we have carved a unique position in the market, more specifically for same day deliveries and we feel that we are defensible across our growing number of freelance Qouriers and logistics partners.

He adds, “The way our technology is optimised for same day deliveries to engender overall cost and process efficiency, different service levels and brokered partnerships (e.g. Qourier air), and the collective strength of the founders’ experience, as well as our investors, helps shape how the company is set up to be nimble and creative in the market.”

The startup will use the proceeds from its latest funding round to expand its technical team, in addition to exploring new geographies such as Taipei, as well as regionally.

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