
Cargo Delivery Company Lalamove Raises $515M in Series E Financing
On-demand delivery company Lalamove announced Wednesday to have completed its Series E round of financing, raising $515 million.
12/23/20202 min read
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On-demand delivery company Lalamove announced Wednesday to have completed its Series E round of financing, raising $515 million.
Lalamove is steadily moving towards completing its financing target of $1.5 billion. Matrix Partners China announced a new flagship fund of roughly $1.2 billion. VSPN and Uisee both raised serious capital.
On-demand logistics and delivery company Lalamove is close to completing a $1.5 billion financing round that would bring its valuation to around $10 billion, according to Chinese media.
Zhou Shengfu, CEO of vehicle-hailing platform Lalamove, said on Tuesday that all safety improvement measures that the company promised earlier have now been fully put into force.