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§ Private Profile · Mumbai, India
Crowdsourced same-day delivery platform for intra-city logistics, serving businesses in emerging markets with automated services.
Based in Amsterdam, Netherlands, Borzo operates a crowdsourced same-day delivery platform that utilizes automated algorithms to facilitate intra-city logistics. The company connects a network of up to three million independent couriers with two million customers across emerging markets in Asia, Latin America, and Europe. Processing over three million orders monthly, the platform achieved an approximate $150 million annual gross revenue run rate and delivered ten million packages during the third quarter of 2021. Borzo secured financial backing from venture capital firms including Mubadala, Flashpoint Venture Capital, and VNV Global, raising a $35 million Series C round to support enterprise clients like Amazon and KFC. In 2022, the firm expanded its last-mile delivery capabilities by acquiring the India-based logistics startup NOW. The organization was founded in 2012 by Mike Alexandrovski, Aleks Shamis, and Dmitry Zubkov.
Borzo has raised $39.8M across 4 funding rounds.
Borzo has raised $39.8M in total across 4 funding rounds.
Borzo has raised $39.8M across 4 funding rounds. Most recently, it raised $35.0M Series C in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $35M Series C | — | FJ Labs, Flashpoint VC, Flashpoint, Russian Direct Investment Fund | Announced |
| Sep 1, 2018 | $2M Series A | — | FJ Labs, Flashpoint VC, Staircase Ventures, Techstars, Anthony Lacavera | Announced |
| Sep 1, 2018 | $780K Series U | — | FJ Labs, Flashpoint VC | Announced |
| Aug 1, 2017 | $2M Series U | — | FJ Labs, Flashpoint VC | Announced |
Borzo has raised $39.8M in total across 4 funding rounds.
Borzo's investors include FJ Labs, Flashpoint VC, Flashpoint, Russian Direct Investment Fund, Staircase Ventures, Techstars, Anthony Lacavera.
Borzo is a technology-driven logistics company providing on-demand, same-day intra-city delivery services for businesses and individuals, specializing in emerging markets.[1][2][3] It connects a gig economy workforce of private couriers to enable flexible deliveries via various transport options, solving last-mile challenges with products like 60-90 minute on-demand, end-of-day, and scheduled services.[1][2][4] Operating in over 10 countries including India, Brazil, Indonesia, and Turkey, Borzo serves e-commerce platforms, SMEs, and merchants through API integrations for seamless tracking and embedding, with a customer base of 2 million users, 2.5 million couriers, and over 3 million monthly orders at a $150 million annual revenue run rate as of 2021.[1][2][4]
The platform targets high-growth logistics needs in supply chain tech, focusing on speed, affordability, and scalability for parcels of any size.[2][3]
Founded in 2012 as Dostavista in Russia by Mike Alexandrovski, Borzo began as a courier service and expanded globally into emerging economies.[1][2] The idea emerged from the demand for reliable on-demand delivery amid e-commerce growth, leading to operations in 10 countries by 2021, including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey, and Vietnam.[1] A pivotal 2021 rebrand to Borzo unified its international presence, coinciding with a $35 million Series C round led by Mubadala (total funding $59 million), following a $15 million Series B.[1][3]
Early traction included scaling to 2 million users and 3 million monthly orders, with acquisitions like India-based 90-minute service NOW in 2022 strengthening regional footholds.[1][5] Leadership evolved with appointments like CEO Alina Kisina and later Idriss Al Rifai (ex-Glovo).[5]
Borzo rides the on-demand delivery boom in emerging markets, fueled by e-commerce surges and last-mile demands in supply chain logistics tech.[1][2] Timing aligns with post-pandemic shifts, where reliable intra-city services became essential, projecting a 14.4% CAGR to $5.18 trillion by 2030.[2] Market forces like SME digitization, quick commerce growth (e.g., 50% YoY in related services), and affordability pressures favor its model over legacy logistics.[2]
It influences the ecosystem by enabling global e-commerce expansion for merchants via APIs, competing with players like Blitz, and promoting gig-inclusive, tech-driven logistics in underserved regions.[2][4][5]
Borzo is poised to deepen penetration in high-growth markets like India and Indonesia through acquisitions, EV adoption, and product diversification amid logistics' trillion-dollar trajectory.[2][5] Trends like AI-optimized routing, in-app insurance (e.g., Symbo tie-up), and quick commerce will shape it, potentially elevating its revenue beyond $150 million run rate.[2][5] Influence may evolve toward B2B dominance, powering SME logistics globally while navigating competition—positioning it as a top emerging-market courier if execution matches ambition.[1][2] This builds on its rebrand momentum, targeting leadership in every market.[1]