Lalamove is a Hong Kong based on demand logistics platform that reached a $10 billion valuation after raising more than $2 billion in funding across multiple rounds. Headquartered in Hong Kong, Hong Kong, China, Lalamove connects individuals and businesses with delivery drivers through its mobile app and web platform.
The company operates across Asia, Latin America, and Europe, serving millions of users and drivers globally.
Keep reading to learn how Lalamove scaled into a global logistics unicorn.
What Is Lalamove and What Does It Do?
Founded in 2013, Lalamove is an on demand delivery and logistics platform that enables users to book same day and on demand deliveries through a mobile application. The platform supports a wide range of vehicle types, from motorcycles and vans to trucks.
Lalamove serves individuals, small businesses, and large enterprises by providing fast, flexible, and technology driven logistics solutions across urban and regional markets.
How Much Funding Has Lalamove Raised?
1. Seed Round
- Amount Raised: $10 million
- Date: 2014
- Lead Investors: MindWorks Ventures
- Purpose: Develop the core logistics platform and launch initial city operations
2. Series A Round
- Amount Raised: $15 million
- Date: 2015
- Lead Investors: MindWorks Ventures
- Purpose: Expand operations across Hong Kong and Southeast Asia
3. Series B Round
- Amount Raised: $30 million
- Date: 2016
- Lead Investors: Shunwei Capital
- Purpose: Scale regional presence and improve driver network technology
4. Series C Round
- Amount Raised: $100 million
- Date: 2017
- Lead Investors: Sequoia Capital China
- Purpose: Accelerate expansion across Asia and invest in logistics optimization
5. Series D Round
- Amount Raised: $300 million
- Date: 2019
- Lead Investors: Hillhouse Investment
- Purpose: Strengthen enterprise logistics offerings and international growth
6. Series E Round
- Amount Raised: $1.5 billion
- Date: 2021
- Valuation: $10 billion
- Lead Investors: Hillhouse Investment, HSG
- Other Investors: Sequoia Capital China, Tencent, Matrix Partners China
- Purpose: Expand global footprint, invest in technology, and scale enterprise delivery services
Total Funding Raised: More than $2 billion
Latest Funding Date: 2021
Latest Known Valuation: $10 billion
Key Investors
- Hillhouse Investment
- Details: Global investment firm managing long term capital
- Focus Areas: Technology platforms, logistics, consumer internet
- HSG
- Details: Global investment firm focused on growth stage companies
- Focus Areas: Technology enabled services, logistics, enterprise platforms
- Sequoia Capital China
- Details: Venture capital firm backing leading technology companies
- Focus Areas: Internet platforms, logistics technology, enterprise software
- Tencent
- Details: Global technology and internet conglomerate
- Focus Areas: Digital platforms, cloud services, consumer technology
- MindWorks Ventures
- Details: Early stage venture capital firm based in Asia
- Focus Areas: Technology startups, platform businesses
Where Is Lalamove’s Headquarters?
Lalamove is headquartered in Hong Kong, Hong Kong, China, supporting its global operations, product development, and logistics innovation initiatives.
What’s Next for Lalamove?
Lalamove plans to deepen enterprise logistics capabilities, expand into additional international markets, and enhance its technology platform with automation and data driven routing. The company is focused on improving delivery efficiency while supporting drivers and business customers across global markets.
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