Lalamove Data Delivers Message of Market Success Delivery app reveals facts figures 5 years and $160M USD on

Information Technology Press Releases Friday March 23, 2018 12:34
Bangkok--23 Mar--Brand Now

Hong Kong based on-demand delivery app Lalamove is firmly in the driving seat when it comes to leading the last-mile market, including B2B, B2C and C2C deliveries; revealing impressive data in 2018 to show a fast-track journey of success since the company was first set-up in 2013 by entrepreneur Chow Shing Yuk.

In the last five years, Lalamove has received $160 million USD in funding, including Series C funding of $100 million USD in late 2017 and set in motion an expansion plan to establish a greater global identity and a presence in 100 more cities in Asia. Currently, Lalamove is a force to be reckoned with, operating in 126 cities in China and Southeast Asia, with 2,000 employees and 2.2 million drivers, including 50,000 drivers in Thailand alone. Some 25 million users have downloaded the Lalamove app, with the company's fleet of motorcycles, cars, vans and trucks also set on course as part of the Lalamove food delivery platform too.

Global fast-food chain Burger King announced a partnership with Lalamove in November 2017. Local, regional and international brands are set to partner with the delivery app in the next few months with new features added to updating the app too. In Thailand, Some 520 million km have been traveled since 2013 with delivery times shorter than a one hour lunch. With e-commerce markets set to rise, the number of new users in online hubs such as Thailand are expected to a hike 250% compared to 2017.


Latest Press Release

GEP Wins Top Honors in Procurement Consulting at CIPS Supply Management Asia Awards in Singapore

- Short-listed twice in consulting category, GEP wins for a massive source-to-pay transformation in APAC region GEP, a leading global provider of software and services for procurement and supply chain management to Fortune 500 and Global 2000...

Infineon and FuturePlay to jointly strengthen start-up ecosystem in South Korea

Infineon and FuturePlay have signed a memorandum of understanding (MoU) to jointly strengthen the hardware and software development ecosystem in South Korea by mentoring and nurturing early and growth stage start-ups. Infineon and FuturePlay will...

Huawei Founder: Hongmeng OS Useful for IoT-Enabled Automated Production

Ren Zhengfei, Huawei's founder and CEO, said with the fixed low latency, the company's Hongmeng OS is useful for IoT-enabled automated production. "The purpose of our OS is to enable a world where everything is connected and intelligent," said Ren during...

AI, THE HOLY GRAIL FOR THE ENHANCED SPORTS VIEWING EXPERIENCE, ACCORDING TO MILLENNIALS

New NTT research shows over half of people aged 18-34 believe AI creates better engagement, but only a quarter know how it's actually applied in sports As the competition for fan engagement increases across major global sporting events, artificial...

Icertis Cements Undisputed CLM Market Leadership with $115 Million Round

Icertis, the leading provider of enterprise contract management in the cloud, today announced the closing of a $115 million Series E round. With this funding, Icertis becomes the first Contract Lifecycle Management (CLM) company in the world to be valued...

Related Topics