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§ Private Profile · Hong Kong, Hong Kong Island, Hong Kong
On-demand delivery platform providing same-day logistics and moving services for users across Asia, Latin America, and the US.
Lalamove is a Hong Kong-based on-demand logistics platform that connects users with nearby drivers for instant delivery and moving services via a smartphone application. Operating an asset-light marketplace model, the company facilitates same-day logistics without owning vehicles or warehouses, leveraging network effects to expand its reach. The platform has grown to serve over 7 million users across Asia, Latin America, and the US, achieving unicorn status with a valuation exceeding $1 billion. It has raised at least $100 million in funding to support its expansion, including its operations in mainland China under the Huolala brand. Initially launched as EasyVan, the company was founded in 2013 by Shing Chow, who bootstrapped its early development. Its business model centers on asset-light marketplace model where network effects from growing users and drivers enable faster, cheaper deliveries, initially bootstrapped by founder using personal funds from real estate and poker winnings.
Lalamove has raised $965.0M across 6 funding rounds.
Lalamove has raised $965.0M in total across 6 funding rounds.
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 6 funding rounds. Most recently, it raised $515.0M Series E in December 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 22, 2020 | $515M Series E | Hongshan Capital Group (Sequoia Capital China) | Hillhouse Capital, Shunwei Capital | Announced |
| Feb 20, 2019 | $300M Series D | Hillhouse Capital, Neil Shen | Eastern Bell Capital, MindWorks Ventures, PV Capital, Shunwei Capital, Xianghe Capital | Announced |
| Oct 10, 2017 | $100M Series C | JUN LEI | MindWorks Ventures, Xianghe Capital | Announced |
| Jan 10, 2017 | $30M Series B | Hesong Tang | Blackhole Capital, Wang Mengqiu, David Chang | Announced |
| May 1, 2016 | $10M Series A | — | AppWorks | Announced |
| Jan 5, 2015 | $10M Venture Round | Crystal Stream Capital | Aria Group, Geek Founders, MindWorks Ventures, Sirius Venture Capital | Announced |
Lalamove has raised $965.0M in total across 6 funding rounds.
Lalamove's investors include Hongshan Capital Group (Sequoia Capital China), Hillhouse Capital, Shunwei Capital, Neil Shen, Eastern Bell Capital, MindWorks Ventures, PV Capital, Xianghe Capital, Jun Lei, Hesong Tang, Blackhole Capital, Wang Mengqiu.