DATE TBC – Yolo Investments has made an investment in Lalamove, the innovative delivery and logistics app which has grown rapidly in both Asia and Latin America.
Lalamove was born to make on-demand delivery possible for everyone at the touch of a button. Using its simple app, users can match with vehicles in as little as three seconds.
It already connects more than seven million users with over 700,000 delivery drivers in major cities across Asia and Latin America, including Hong Kong, Singapore, Delhi and São Paulo and Mexico City.
Lalamove has quickly become a key strategic partner for businesses of all sizes, providing flexible delivery solutions at an affordable price to everyone from independent brick and mortar stores, to major retailers and e-commerce companies.
Tim Heath, GP at Yolo Investments, said: “Lalamove is bringing technology-led solutions to logistics challenges in many of the world’s fastest growing economies. We’ve been impressed by the team’s ability to scale in multiple markets, while offering a world-class service backed by innovative tech. We look forward to welcoming Lalamove to the Yolo Investments family.”