GoGoVan Raises $6.5M Series A To Expand In Asia

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Hong Kong-based GoGoVan, an app that connects van drivers and users for on-demand delivery services, announced today that it has completed a $6.5 million Series A led by Centurion Private Equity.

The company, which launched in July 2013 and currently has access to 18,000 registered commercial vehicles, plans to use the funding to add more features and expand into new markets in Asia. TechCrunch profiled the startup in June 2014.

GoGoVan says it is currently working with corporate clients including Kerry Logistics, SF Express and DHL and has processed more than one million transactions with a total value of over $120 million Hong Kong dollars (about $15.5 million), with 300,000 transactions per month in Hong Kong.

After expanding into Singapore this summer, GoGoVan plans to tackle other Asian cities.

In a statement, Steven Lam, GoGoVan’s co-founder and CEO, said “In Hong Kong, within nine months of our launch in July 2013, we captured close to 50% of the independent logistics providers. We are confident we will achieve the same result in Singapore.”