Lalamove raised $515 mn in Series E funding which was led by Sequoia Capital China, with participation from Hillhouse Capital and Shunwei Capital. All three being returning investors.
According to Crunchbase data, this brings Lalamove’s total raised so far to about $976.5 mn.
Founded 7 years ago for on-demand deliveries within the same city, Lalamove has since grown its business to include freight services, enterprise logistics, moving and vehicle rental. In addition to 352 cities in mainland China, Lalamove also operates in Hong Kong (where it launched), Taiwan, Vietnam, Indonesia, Malaysia, Singapore, the Philippines and Thailand.