Gobi leads $14.5m round for Southeast Asia’s Deliveree

Other participants include PSA Unboxed, Asia Summit Capital, and founding investor Inspire Ventures. Wavemaker Partners is also a shareholder since its merger with Ardent Capital, which was an early investor in Deliveree.

Launched in Bangkok, Deliveree has expanded into Jakarta and Manila – where it operates under the Transportify brand – over the last two years. It connects customers to drivers for last-mile delivery, with a view to reducing ground transport costs by up to 50%. The company has around 15,000 trucks, vans, and other vehicles on its platform, serving customers including large corporations, commercial brands, and logistics companies.

With the new funding, Deliveree plans to further penetrate Southeast Asia and expand in the B2B space, providing logistics technology solutions to businesses.

“Over the past few years, there has been a substantial investment in small-parcel, last-mile consumer logistics due to the rise of e-commerce in Southeast Asia. However, this space suffers from poor operating economics," Gagan Singh, Deliveree's CFO, said in a statement. "Our focus at Deliveree is solving the cargo and bulk goods challenges faced by businesses with our sophisticated marketplace technology accessed via mobile and web apps. In the end, this is much more capital efficient and hence scalable."

Various other delivery start-ups address the last-mile logistics market. For example, both GoGoVan – which recently merged with China’s 58 Suyun – and Lalamove started in Hong Kong and then expanded into Southeast Asia. Ninja Van, a last-mile logistics provider with operations in Singapore, Malaysia, and Indonesia, has also received VC backing.

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• Topics
• Southeast Asia
• Technology
• Early-stage
• Support services
• Logistics
• TMT
• Gobi Partners
• China
• Indonesia
• Philippines
• Thailand