Lalamove, founded in 2013, is an on-demand logistics platform that began with same-city deliveries and has expanded into freight, enterprise logistics, moving and vehicle rental. It operates in 352 mainland Chinese cities and in Hong Kong, Taiwan, Vietnam, Indonesia, Malaysia, Singapore, the Philippines, Thailand, and recently entered the United States. The company reports about 480,000 monthly active drivers and 7.2 million monthly active users. Lalamove said it experienced a 93% drop in shipment volume at the start of the year due to COVID-19 but then saw a strong rebound, with order volume up 82% year-over-year before Double 11. Prior expansion plans included India, but the app was banned there; the company plans to use new funding to enter more fourth- and fifth-tier Chinese cities. According to Crunchbase data cited in the article, total capital raised now stands at about $976.5 million. Lalamove operates an on-demand logistics and delivery platform that matches business and corporate customers with drivers across vans, cars and motorbikes. The company focuses on B2B customers to capture more favourable economics and customer loyalty compared with consumer-focused peers. It claims to have registered 3 million drivers and served more than 28 million users, and employs about 4,000 people. Lalamove’s core footprint is in Mainland China (covering more than 130 cities) and it also operates in Hong Kong, Taiwan, Vietnam, Indonesia, Malaysia, Singapore, the Philippines and Thailand, totaling 11 cities outside China. Management says many cities are already profitable and that new locations typically reach profitability within two years; the company is expanding both within China and across Southeast Asia and plans entry to India. Lalamove has begun offering driver services such as financing packages and is developing dedicated corporate offerings to grow revenue streams. Lalamove operates an app-based on-demand logistics service that connects business customers and SMEs with truck, van and motorbike drivers. The company divides its operations between a China unit and an overseas arm covering Hong Kong, Taiwan and parts of Southeast Asia. It operates in roughly 100 cities and has about 15 million registered users and over two million drivers. Larson said a number of cities are already profitable, though the company is not yet net profitable as a whole. Lalamove plans to use new capital to accelerate growth: doubling headcount in its Hong Kong international HQ to 200 staff, matching or exceeding that growth in China, and expanding total reach from ~110 cities to 200–250. The company intends to go deeper into existing Southeast Asian markets (notably Malaysia and Indonesia) rather than enter new continents, and views an IPO as plausible in the future but not imminent. Lalamove operates an on-demand logistics platform that lets users arrange quick deliveries via a fleet of motorbikes and vans, serving both businesses and consumers. The company is present in 50 cities in China and five cities across Southeast Asia and plans to expand to 60 more cities in China and Asia by the end of 2017. Lalamove reports having 500,000 drivers on its platform, five million registered customers and 15 million deliveries completed to date. Management says several cities are already profitable, the company is cash-flow positive and expects to be profitable by the end of the year. The startup has pursued partnerships with platforms such as Line (powering Line Man in Bangkok) and is exploring similar integrations with other large platforms. It was founded as EasyVan and is considering a future public listing within a few years if conditions allow. Lalamove offers iOS and Android apps that let customers book local drivers to transport items across a city, operating like an 'Uber for logistics.' Founded in Hong Kong in December 2013 and known as EasyVan in China and Hong Kong, it operates in six cities including Hong Kong, Singapore, Bangkok, Taipei, Guangzhou and Shenzhen. The service allows anyone with a valid license and car to sign up as a driver and the company employs over 60 staff. Lalamove has integrated its service into Tencent's WeChat in China and competes with startups such as GoGoVan. The company raised $10 million to strengthen its positions in existing markets, further penetrate China, and expand into more parts of Southeast Asia. Management said it plans to expand into additional cities in the region and expects to raise more capital in 2015.

Total raised

$955M

Funding rounds

5

Latest round

Series E

Latest activity

Dec 2020