Teleport, the rebranded RedCargo Logistics platform of AirAsia, and venture capital firm Gobi Partners have invested USD10.6 million 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 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 earlier this week.
Tony Fernandes, CEO of AirAsia Group says; “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.
Also commenting, Pete Chareonwongsak, CEO of Teleport says: “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 says: “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 adds: “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.
Focused on final-mile delivery, EasyParcel is a web-based parcel consolidator and e-commerce shipping solutions provider. Headquartered in Penang, Malaysia, EasyParcel has delivered more than 19 million parcels since its inception in 2014. The company operates in Indonesia, Singapore and Thailand.