Teleport and Gobi invest US$10.6M in EasyParcel to grow social and e-commerce across Asean | Techsauce

Teleport and Gobi invest US$10.6M in EasyParcel to grow social and e-commerce across Asean

  • EasyParcel will use the Series B funding to aggressively scale online parcel delivery services across Asean 
  • EasyParcel gains access to Teleport’s unrivaled logistics and infrastructure capabilities 
  • Teleport and Gobi Partners become major shareholders and board members of EasyParcel. 

Teleport, the rebranded cargo and logistics platform of AirAsia, and leading venture capital firm Gobi Partners have invested US$10.6M in regional e-commerce and parcel delivery player, EasyParcel.

EasyParcel, which has close to half a million users will use the Series B funding to expand its offering for SME customers, leveraging Teleport’s unrivaled logistics and infrastructure capabilities which include more than 100 cities, 10,000 AirAsia flights per week and some 1,000,000+ tonnes of cargo capacity.

The announcement was made by AirAsia Group CEO Tony Fernandes, Teleport CEO Pete Chareonwongsak, Gobi Partners Managing Director Malaysia Jamaludin Bujang and EasyParcel Founder and CEO Clarence Leong in Kuala Lumpur today. Tony Fernandes, CEO of AirAsia Group said, “I’ve always believed AirAsia’s logistics business has a huge opportunity to be part of the social and e-commerce ecosystem. Today, we are unlocking that potential with the help of EasyParcel, making parcel delivery across Asean more accessible and inclusive for everyone.

Pete Chareonwongsak, CEO of Teleport said, “Teleport will transform the logistics and e-commerce ecosystem as we know it, making it easier for people, especially SMEs, to move items from A to B. With our deep operational expertise, this investment will allow us to accelerate the accessibility of logistics for SMEs, while at the same time encourage more collaboration with the regions logistics startup community. We are really impressed by what Clarence and the EasyParcel team have built and look forward to working with them to grow social and e-commerce across the region.”

Gobi Partners Chairman and Founding Partner Thomas G Tsao said, “We are glad to be co-investing with AirAsia’s Teleport. Together, we will combine our efforts to help EasyParcel solve Southeast Asia’s logistics bottlenecks and boost the industry’s data analytics. As a platform, EasyParcel is uniquely positioned to streamline the customer’s full journey by integrating end-to-end logistics services with its partners. This generates operating efficiencies overall and creates synergies for the entire ecosystem, including our existing logistics investments, Deliveree and Zoom.”

EasyParcel Founder and CEO Clarence Leong said, “Our mission is to address last-mile delivery challenges. Since we started in 2014, we’ve been successfully making in-roads in our home country, Malaysia, as well as in Indonesia, Singapore and Thailand. The funding received from Teleport and Gobi Partners is key to strengthening our footprint in those existing markets. We are grateful for the opportunity to collaborate and excited to start our journey together. EasyParcel’s Series B round follows a successful series A, which was secured from Axiata Digital Innovation Fund (ADIF) and angel investors in January 2016.”

Today’s investment from Teleport is funded from retained earnings, whilst Gobi Partners makes its investment through the Meranti Asean Growth Fund, a fund which seeks to invest in Asean innovation such as cloud services, e-commerce and financial technology.

RELATED ARTICLE

Responsive image

SG FINTECH 2021: Mike Shinoda from Linkin Park on Web 3.0 and NFTs

In a conversation with Mike Shinoda of Linkin Park, he discussed the activism in helping other artists and empowering the community during COVID-19, as well as his history with blo...

Responsive image

GIZTIX Backed Series B Funding Deal Value Total 10M USD Co-led by Bualuang Ventures and WHA

Bualuang Ventures joins WHA Group to become the main investor in the Series B funding round of 'GIZTIX', a Thai startup that provides a digital platform for e-Logistics, with total...

Responsive image

MAS and Industry to Pilot Digital Platforms for Better Data to Support Green Finance

The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial secto...