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Lalamove is a technology company.
Lalamove operates as an on-demand delivery platform, connecting individuals and businesses with a vast network of professional driver partners. The company utilizes technology to facilitate last-mile logistics, offering fast, simple, and affordable delivery services. Its platform seamlessly integrates people, vehicles, freight, and roads, optimizing the movement of goods for various needs.
Chow Shing Yuk founded Lalamove in Hong Kong in 2013, driven by the insight to empower communities through efficient and accessible delivery solutions. His vision was to create a flexible and responsive logistics service that could address the immediate delivery needs of a growing urban population and the demands of businesses.
The platform serves a diverse clientele, ranging from individual users requiring quick personal deliveries to small businesses and large corporations managing complex supply chains. Lalamove's overarching mission is to empower local communities by moving things that matter, continuously expanding its operations across Asia, Latin America, and EMEA to provide essential delivery infrastructure.
Lalamove has raised $965.0M across 7 funding rounds.
Lalamove has raised $965.0M in total across 7 funding rounds.
Lalamove is valued at approximately $100.0M.
Lalamove has raised $965.0M in total across 7 funding rounds.
Lalamove is valued at approximately $100.0M.
Lalamove's investors include Hillhouse Capital, Hongshan Capital Group (Sequoia Capital China), Neil Shen, Shunwei Capital, Eastern Bell Capital, MindWorks Ventures, PV Capital, Xianghe Capital, Jun Lei, Hesong Tang, Blackhole Capital, Wang Mengqiu.
Lalamove is an on-demand delivery platform founded in Hong Kong in 2013 that connects users with a fleet of professional drivers for fast, simple, and affordable logistics services via a mobile app.[1][2][3] It serves individuals, small businesses (SMEs), and corporations by solving traditional delivery pain points like slow quoting, inflexible scheduling, and high costs, offering same-day options from motorcycles to vans with features such as live tracking, transparent pricing, and instant matching.[1][3][5] The platform operates in over 30 cities across Asia, Latin America, the US, and EMEA, with a network of 1.8 million driver partners, empowering local drivers and supporting community growth amid rising e-commerce demand.[3][4]
Lalamove's growth momentum includes unicorn status in Hong Kong, a $300 million Series D raise in 2019, and recent expansion into electric vehicle manufacturing via DuoLa Auto in June 2025, reflecting strong scaling from its Hong Kong roots to global operations.[4][6]
Lalamove was founded in December 2013 in Hong Kong by Chow Shing-yuk, initially under the name Easyvan, which was rebranded to Lalamove in 2014.[4] The idea emerged from Hong Kong's fast-paced environment, where small businesses struggled with traditional logistics firms requiring multi-day quotes and rigid processes, much like how ride-hailing disrupted taxis.[1][3] Chow aimed to create an app-based platform for instant, on-demand deliveries using freelance drivers, mirroring Uber's model for logistics.[3]
Early traction came quickly in Hong Kong, leading to expansions: Singapore in 2014, Bangkok and Taipei in 2015, Southeast Asia by 2018, Latin America in 2019 (São Paulo, Rio de Janeiro, Mexico City), and further to the US, Bangladesh in 2022, and Vietnam in 2017.[1][4][5] Pivotal moments include its unicorn achievement and navigating challenges like India's 2020 ban on Chinese apps.[4][6]
Lalamove rides the on-demand economy wave, akin to ride-hailing's transformation of transport, fueled by e-commerce booms, urbanization, and post-pandemic logistics demands for speed and flexibility.[3][6] Timing aligns with Asia's SME digitalization and Latin America's growing middle class needing affordable last-mile solutions, where traditional firms lag in agility.[1][8] Market forces like rising fuel costs and sustainability pressures favor its tech platform, which optimizes routes and now integrates EVs.[4]
It influences the ecosystem by democratizing logistics for SMEs, fostering driver entrepreneurship, and inspiring competitors while investing in startups like Inteluck, accelerating regional supply chain innovation.[1][4]
Lalamove's pivot to EV manufacturing with DuoLa Auto signals a bold shift toward sustainable logistics, positioning it to capture green delivery trends amid global net-zero pushes.[4] Expect deeper AI route optimization, US expansion, and potential IPO as e-commerce and urban density grow. Its evolution from Hong Kong disruptor to global platform underscores enduring strength in making delivery "fast, simple, and accessible," ready to power the next logistics era.[1][2]
Lalamove has raised $965.0M across 7 funding rounds. Most recently, it raised Lalamove Valuation 2021-01-01 in January 2021 at a valuation of approximately $100.0M.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2021 | Lalamove Valuation 2021-01-01 | Hillhouse Capital, Hongshan Capital Group (Sequoia Capital China), Neil Shen | |
| Dec 22, 2020 | $515.0M Series E | Hongshan Capital Group (Sequoia Capital China) | Hillhouse Capital, Shunwei Capital |
| Feb 20, 2019 | $300.0M Series D | Hillhouse Capital, Neil Shen | Eastern Bell Capital, MindWorks Ventures, PV Capital, Shunwei Capital, Xianghe Capital |
| Oct 10, 2017 | $100.0M Series C | Jun Lei | MindWorks Ventures, Xianghe Capital |
| Jan 10, 2017 | $30.0M Series B | Hesong Tang | Blackhole Capital, Wang Mengqiu, David Chang |
| May 1, 2016 | $10.0M Series A | AppWorks | |
| Jan 5, 2015 | $10.0M Other Equity | Crystal Stream Capital | Aria Group, Geek Founders, MindWorks Ventures, Sirius Venture Capital |