GOGOX is a Hong Kong-based logistics platform. The company operates a digital logistics platform serving customers in the region. According to the article, GOGOX has raised nearly $100 million in a fresh funding round. The round was co-led by BOCOM and CMF. The article does not provide details on operating metrics, use of proceeds, or specific financing instruments. GoGoVan is a Hong Kong-based on-demand logistics service anchored around short-distance logistics and trips. The company became Hong Kong’s first billion-dollar startup via a merger last year and, together with 58 Suyun, claims to cover 300 cities with about eight million registered users and roughly 2,000 staff. GoGoVan plans to introduce a door-to-door option and other offerings intended to simplify logistics and delivery services. It has primarily focused on China to date but intends to expand into India and Southeast Asia using new capital. The company raised $250 million in the first phase of a new funding round and did not disclose a valuation for this raise. GoGoVan positions itself against rival Lalamove, which raised $100 million last year and is exploring an IPO. GoGoVan operates an app marketplace that connects van drivers with users for on-demand delivery and logistics. Launched in July 2013 and based in Hong Kong, the company has access to 18,000 registered commercial vehicles. It has processed more than one million transactions with a total value exceeding HK$120 million (about $15.5M) and manages roughly 300,000 transactions per month in Hong Kong. Corporate clients include Kerry Logistics, SF Express, and DHL. After expanding into Singapore, GoGoVan plans to use new funding to add product features and continue expansion into additional Asian markets. Co-founder and CEO Steven Lam said the company captured close to 50% of independent logistics providers in Hong Kong within nine months of launch.

Total raised

$357M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2021