Lalamove continues to shape delivery industry on its first year

Lalamove, Southeast Asia’s fastest growing on-demand courier service, just celebrated its first year here in the Philippines with a rapid growth and technological edge. With Lalamove’s presence in Metro Manila, it has already completed hundreds of thousands of deliveries, propelling the delivery industry to a new level with its app-based system.

As of now, Lalamove is now being fueled by fresh investment worth $100 million.

"The latest investment comes as Lalamove gains a strong foothold in the Manila market," the company said.

"This fully equips the company to strengthen necessary improvements and become highly essential for small to medium enterprises in the food and beverage, apparel and electronics industry," it added.

This round of funding was led by ShunWei Capital, a China-based venture capital firm founded by Xiaomi founder Lei Jun and Tuck Lye Koh that invests in growth stage start-ups.

Lalamove hit the ground running since its launch here in the Philippines last year, bringing the successful strategy from Hong Kong and infusing the Filipino values to make it work here in Manila.

The company’s arrival gave opportunities for Filipino drivers to have a more steady and competitive income.

"We want to focus on top-notch services. Not just being customer-centric but also giving value to our trusted partner drivers. This vision of Manila has driven us to be one of the fastest growing countries of Lalamove here in Southeast Asia," Lalamove Philippines’ Country Director, Albert Go said.

Lalamove has thousands of drivers ranging from motorcycles, SUVs, Vans and L300s, which can serve a wide array of businesses from different industries, providing an efficient business solution for entrepreneurs through Lalamove’s app-based platform.

With the rise of innovative technology and the Internet savvy generation, small and medium enterprise owners now have access to numerous ways to digitally advertise their products or services. (MBM)