Hong Kong-based courier and delivery startup Lalamove's $300 million fundraising will allow it to expand its business in Southeast Asia and India, managing director Mark Au told FinanceAsia on Thursday.
Speaking right after the company announced its series D round of funding, Au said the new capital will be used to diversify and improve its service offerings in Southeast Asia where competition is getting increasingly intense. At the same time, it will also be used for its newly-established network in India.
Lalamove is now Hong Kong’s biggest startup after the completion of the latest funding round, led by Hillhouse Capital and Sequoia Capital. Existing...
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