Lalamove Data Delivers Message of Market Success
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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.
Questions & Answers
Q.What kind of funding has Lalamove received since it was founded?
What kind of funding has Lalamove received since it was founded?
Lalamove has received a total of $160 million USD in funding. This includes $100 million USD from a Series C funding round which was secured in late 2017.
Q.How many employees and drivers does Lalamove currently have across its operations?
How many employees and drivers does Lalamove currently have across its operations?
The company currently employs 2,000 staff members. It also works with 2.2 million drivers in total, with 50,000 of those drivers operating in Thailand alone.
Q.Which specific global fast-food brand has partnered with Lalamove for deliveries?
Which specific global fast-food brand has partnered with Lalamove for deliveries?
Global fast-food chain Burger King announced a partnership with Lalamove in November 2017. Other local, regional, and international brands are also expected to partner with the delivery app soon.
Q.What is Lalamove's expansion target for new cities and where will these be located?
What is Lalamove's expansion target for new cities and where will these be located?
Lalamove aims to establish a presence in 100 more cities. These new locations for expansion are all planned within Asia to further its global identity.
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