Deliveree raised $14.5 million Serie A led by Gobi Partners

Deliveree raised US$14.5 million Serie A funding led by Gobi Partners to expand its market share in Southeast Asia. A logistics startup headquartered in Bangkok and has opened services in Indonesia and the Philippines said PSA Unboxed, Asia Summit Capital, the founders of Inspire Ventures, and Ardent Capital participated in the latest funding.

Tinuku Deliveree raised $14.5 million Serie A led by Gobi Partners

Deliveree, established in 2015, says it will use new funds to increase coverage of service locations in Southeast Asia. Currently they have a fleet of 15,000 trucks, vans, and other vehicles to move goods and cargo from app users.

"As our successful investment in GoGoVan, we believe Southeast Asian businesses will increasingly adopt similar market technologies to solve challenging logistical problems," said Gobi Partner's Kay-Mok Ku.

Startups will compete directly with Go-Jek giants in Indonesia which has thousands of drivers across the country, but Deliveree claims the ability to reduce ground transportation costs by up to 50 percent by utilizing efficient business schemes and maximizing technology.

"Deliveree consists of 15,000 trucks, vans, pickups, and economic vehicles throughout Southeast Asia to serve thousands of customers every day, including big companies, big brands, and honorable logistics companies. Your product you use today will take advantage of either our fleet," said Deliveree co-founder Tom Kim.