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 unrivalled 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.
Founded in 2018 and formerly known as RedCargo Logistics, Teleport is a wholly-owned subsidiary of AirAsia Group Berhad, building out the cargo and logistics ambitions for AirAsia. Teleport is on a mission to enable everyone – from single merchants to the largest companies to move goods, and e-commerce anywhere in Southeast Asia and beyond. It should simply work, like magic. For more information, please visit teleport.asia
About Gobi Partners
Gobi Partners is one of the first venture capital firms with a regional presence across China, Hong Kong, and ASEAN with over US$1.1 billion in assets under management (AUM). The firm, headquartered in Shanghai and Kuala Lumpur, supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets. Founded in 2002, Gobi has raised 13 funds to date, invested in over 250 startups, and has grown to nine offices across Bangkok, Beijing, Hong Kong, Jakarta, Kuala Lumpur, Manila, Shanghai, Singapore and Tokyo. For more information, please visit www.gobivc.com
Founded in 2014, EasyParcel is on a mission to address last-mile delivery challenges. It is a web-based parcel consolidator and an e-commerce shipping solutions provider. EasyParcel has delivered more than 19 million parcels since its inception in 2014. It is the recipient of 2019 Malaysia Last Mile Express & Parcel Delivery Company of the Year award from Frost & Sullivan. EasyParcel is headquartered in Penang, Malaysia and it also operates in Indonesia, Singapore and Thailand. For more information, please visit www.easyparcel.com