Hong Kong’s Gogovan nabs $6.5M in funding to make urban logistics uber efficient
Friday, August 15, 2014
(Tech In Asia by Josh Horwitz) – GoGoVan, the Hong Kong-based startup that helps consumers and businesses get their stuff delivered quickly, revealed today that it has raised US$6.5 million in funding. Centurion Investment Management led the round, with several unnamed Singapore-based angel investors participating.
GoGoVan chairman Gabriel Fong tells Tech in Asia that the team will use the funding to ramp up its expansion efforts. The team intends to enter Taipei, Melbourne, and Sydney by year’s end. GoGoVan is like Uber for cargo in urban areas. Users who need stuff moved – whether it’s the old sofa in the living room, or 100 pizza boxes to Paisano’s Pizzeria before the lunchtime rush – can log on to the app, specify the pickup and drop off location, and summon a driver. GoGoVan will set base prices depending on the delivery route, which users then give to the driver in cash. Of course, it’s through the pizza box deliveries that GoGoVan really adds value to its users – for businesses that need cargo shipped immediately, going through an app is, in theory, quicker than making a phone call to a dispatch center.
Read more: http://www.techinasia.com/hong-kongs-gogovan-nabs-65m-funding-urban-logistics-uber-efficeint/
