Hong Kong-based professional on-demand delivery service Lalamove has completed US$10 million series A round of financing from MindWorks Venture, AppWorks, Crystal Stream and other unnamed individuals investors.
In a company announcement, Lalamove says it plans to use the proceeds to expand to 12 additional cities throughout China, from the eight cities it currently operates in.
The company, known as EasyVan in Hong Kong, allows businesses to transport goods and documents across the city using their network of delivery vehicles including vans, motorcycles and trucks.
Founded in 2013, Lalamove currently operates in eight cities including Hong Kong, Singapore, Bangkok, Guangzhou, Shenzhen, Dongguan, Foshan and Taipei with over 30,000 registered drivers.
