Pickupp, a Hong Kong-based logistics startup, has secured an undisclosed sum in Series A investment from a clutch of investors.
The names include Vision+ Capital, Alibaba Entrepreneurs Fund, Cyberport Macro Fund, Swire Properties New Ventures and SparkLabs Taipei.
Pickupp will utilise the funds to accelerate its expansion in Southeast Asia, with an aim to serve 10 major markets within the next five years.
As per a press note, the startup will also seek to diversify its product portfolio and offerings, focusing on the retail and e-commerce industries.
Founded in December 2016, Pickupp began providing customised last-mile delivery services for bulk and ad-hoc deliveries in mid-2017. It has since expanded rapidly and is now operating in Hong Kong, Singapore, Malaysia and Taiwan.
Pickupp claims it currently serves more than 50,000 users and businesses across Asia, including companies such as Charles & Keith.
“Pickupp is redefining logistics with a data-driven approach. Our technology, agility, transparency and innovation enable our customers to effectively scale and thrive,” said Crystal Pang, CEO of Pickupp.
The startup further claimed that its flexible delivery services will help retailers optimise their business strategies and enable them to understand the needs of their customer better.
The logistics startup also runs an e-commerce platform and offers free islandwide delivery for businesses listed on it.
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Image Credit: Pickupp
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