GoGoVan, Asia’s leading on-demand logistics platform, announces undisclosed amount of Series C funding led by private equity firm, New Horizon Capital, with participation from Alibaba Hong Kong Entrepreneurs Fund, Singapore Press Holdings, Hotung Investment Holdings, as well as existing investors.
Founded in July 2013, GoGoVan has successfully expanded to 13 cities across Hong Kong, Singapore, Taiwan, China, South Korea and India. With over 2 million app downloads and a driver network of 150,000, GoGoVan has processed over 20 million orders with an aggregate transaction value in excess of US$200 million.
GoGoEnterprise – an intelligent delivery management platform that empowers businesses to provide both scheduled and on-demand delivery with features like Order Management, Route Optimisation, Real-Time Tracking, and Instant Delivery Confirmation. With the ability to mobilise thousands of vehicles in a city, business users can, not only sourcefor logistics capacity, but also create optimised delivery routes. This helps users gain authority, visibility and improve efficiency throughout the delivery process.
“With this funding, we plan to further improve our product offerings to service diversified business logistics needs, from individual online retailers to multi-nationals who are demanding logistics solutions,” said Steven Lam, CEO of GoGoVan. He added, “Our mission is to optimise logistics cost by providing innovative and cutting edge technology; by deploying big data logistics analytics to all aspects of the delivery value chain. We want to create a new business model – LaaS (Logistics As A Service) for the logistics industry.”
GoGoVan will further enhance its technical resources by hiring more world-class developers, programmers and program managers. GoGoVan will embark on the development of several new products and solutions that will change the very DNA of the logistics industry.
“We will develop and engage state-of-the-art machine learning, artificial intelligence and programming that will bring efficiency, productivity and cost management to the logistics business,” said Chris Yuen, CTO of GoGoVan.
Leading the on-demand logistics market in Asia, GoGoVan continues to innovate and create outstanding logistics experiences for businesses, consumers and drivers. The ultimate goal: An efficient, convenient and affordable logistics solution.
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