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

Fortinet Acquires Cloud-Based Threat Analytics Company ZoneFox

Ken Xie, founder, chairman of the board and chief executive officer, Fortinet said, "Enterprise organizations are experiencing a dramatic increase in the number of endpoints and users accessing data and cloud resources, which is also increasing the need...

Honor#s Singles# Day Sales Record Seals its Global Success, Bucks Trend Amid Global Downturn

Honor, the young, innovative and trendsetting smartphone e-brand for digital natives, announced today the brand was the top Singles' Day performer in terms of sales volume and revenue under the Smartphone category on both Tmall.com and JD.com, the two...

AIS Business announces its vision to be the leading and most-trusted ICT service provider Digital solutions designed to strengthen all business types

AIS Business, the corporate solutions arm of AIS, has announced its vision and policy to become the leading and most-trusted ICT service provider. AIS Business supports all types of enterprises as they prepare for growth and helps create new...

Thailands National Innovation Agency in Collaboration with True Digital Park Unveils Bangkok Cybertech District as a Global Centre for High Technology and Innovation

First Startup Thailand Centre also scheduled to open at True Digital Park inside Bangkok CyberTech District The National Innovation Agency (NIA) of Thailand and True Digital Park announced the launch of Bangkok CyberTech District, an innovation district...

Dahua Technology Establishes a Committee to Safeguard Consumer Rights

Dahua Technology, a leading solution provider in the global video surveillance industry, announces that a high-level taskforce has been established within the company to improve sales order of its products in the international security market, better...

Related Topics