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- Deliveree Logistics
Deliveree Logistics Funding, Investors & Competitors
Deliveree Logistics has raised $109M across 6 funding rounds, most recently a $70M Series C in March 2022.
Last Deliveree Logistics funding round
$70M
Series C · Mar 2022
Cumulative funding Deliveree Logistics raised
$109M
across 6 funding rounds
Key investors in Deliveree Logistics
Inspire Ventures
Gobi Partners
Ardent Capital
Genesis Alternative Ventures
PSA Unboxed
Asia Summit Capital
SPIL Ventures
About Deliveree Logistics
Deliveree Logistics is a Bangkok-headquartered on-demand logistics platform operating in Thailand, Indonesia, and the Philippines. The service connects businesses with over 100,000 commercial trucks for full truckload and less-than-truckload shipments via a mobile app for instant booking and tracking. It facilitates spot market transport for e-commerce, manufacturing, and retail, emphasizing real-time matching to minimize empty miles in Southeast Asia's freight networks.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Deliveree Logistics Funding History
Deliveree Logistics has raised a total of $109M across 6 funding rounds.
Deliveree Logistics' first fundraising round was a $1M seed round in February 2015. The most recent completed round was a $70M Series C in March 2022.
Deliveree Logistics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2022 | Series C | Gobi Partners (lead); SPIL Ventures (lead) | $70M | Deliveree Logistics is a Southeast Asian logistics technology platform founded in 2015, operating in Thailand, Indonesia, and the Philippines as a 'logistics supermarket' offering on-demand trucking, cargo shipping, and now expanding to containerized solutions. It connects businesses with nearly 100,000 independent drivers and trucking companies, powering daily shipments for over 25,000 business clients. The company uses algorithms to optimize routes based on location, load, and weather, charging a 20% commission while passing 80% to carriers. On June 27, 2022, Deliveree closed a $70 million Series C funding round led by Gobi Partners and SPIL Ventures, with participation from existing investor Inspire Ventures, bringing total funding to $109 million across five years (including $14.5M Series A in 2017 and $18.5M Series B in 2020). Proceeds will advance market penetration, add containerized cargo services integrating land and sea transport via SPIL's network, enhance client support, and scale to become Southeast Asia's central logistics marketplace amid post-pandemic supply chain challenges. Traction includes 3.2x gross transaction value (GTV) growth over the prior 24 months, on track to exceed $100 million by end-2022, 500 employees, and robust adoption by marquee customers. Gobi Partners highlighted Deliveree's tech platform for optimizing logistics costs in an inflationary environment, while SPIL Ventures emphasized novel supply chain integration. |
| Apr 2020 | Series B | Genesis Alternative Ventures; Gobi Partners; Inspire Ventures | $19M | Deliveree Logistics, operating as Transportify in the Philippines, is a Southeast Asian ground logistics marketplace launched in 2015, providing on-demand access to thousands of commercial vehicles via mobile and web apps for businesses in Bangkok, Jakarta, and Manila, reducing transport costs by up to 50%. Deliveree claims 15,000 vehicles servicing thousands of daily customers including corporations and logistics firms, positioning as a leader in intracity cargo via marketplace model amid e-commerce-driven last-mile investments, though noting poor economics there. |
| Oct 2017 | Series A | Gobi Partners (lead); Ardent Capital; Inspire Ventures; Asia Summit Capital; PSA Unboxed | $15M | Deliveree Logistics, a Jakarta-based first- and mid-mile logistics startup originally launched in Bangkok in 2014, raised $14.5 million in a Series A funding round on October 9, 2017, led by Gobi Partners, with participation from PSA Unboxed, Asia Summit Capital, Inspire Ventures, and Ardent Capital. The company operates strongly in Indonesia and under the Transportify brand in Manila, Philippines, focusing on tech solutions for B2B logistics. The capital was intended to expand presence across additional locations in Southeast Asia and deepen penetration into the B2B space. |
| Feb 2017 | Seed | Inspire Ventures | $2M | - |
| Jan 2016 | Seed | Ardent Capital; Inspire Ventures | $3M | Deliveree is a logistics technology platform launched in Bangkok in March 2015 that digitizes trucking and last-mile delivery across Southeast Asia. The company secured $2 million in seed funding from Bangkok-based Inspire Ventures and Ardent Capital to expand operations beyond Thailand into Indonesia, starting with Jakarta in September 2015 and Bandung in April 2016. Deliveree targeted Indonesia because the country has the largest logistics market in Southeast Asia, with a market worth $29.2 billion according to the World Bank. The company initially pursued a B2B focus, targeting corporate customers with recurring shipment needs and planned to reach break-even by the end of 2017. By mid-2022, Deliveree had scaled significantly, growing gross transaction value by 3.2x in the prior 24 months and surpassing $100 million in annual transaction volume, becoming a top 5 cargo carrier in Indonesia, Philippines, and Thailand with over 25,000 business customers and nearly 100,000 independent drivers across the region. |
| Feb 2015 | Seed | Inspire Ventures | $1M | - |
Who has invested in Deliveree Logistics?
7 investors have backed Deliveree Logistics across its funding rounds, including Inspire Ventures, Gobi Partners, Ardent Capital, Genesis Alternative Ventures, PSA Unboxed and Asia Summit Capital.
Lead investors include Gobi Partners and SPIL Ventures.
Deliveree Logistics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Feb 2015 | ||
| 3 | Lead | Oct 2017 | ||
| 2 | Participant | Jan 2016 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Lead | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 7 Deliveree Logistics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDeliveree Logistics Competitors
Deliveree Logistics competitors include listed companies like Delhivery and Kuehne + Nagel, and private ones like Uber Freight, Loggi, Flexport and Forto.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $211M | - | $3.3B | 15.6x | ||
| Private | - | - | $1.8B | - | ||
| Private | $471M | - | $8B | - | ||
| Publicly listed | $1.1B | $80M | $3.4B | 2.7x | ||
| Private | - | - | $2.1B | - | ||
| Publicly listed | $30B | $2.6B | $31B | 1.2x |
Deliveree Logistics Public Comps
Deliveree Logistics is still privately-owned, but its public comps include UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special, Poste Italiane, Roper Technologies and Old Dominion Freight Line.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $89B | $12B | 1.2x | 1.2x | 9.2x | 8.8x | |||
| $12B | $6.5B | 7.2x | 6.8x | 13.6x | 13.9x | |||
| $95B | $11B | 1.1x | 1.1x | 9.5x | 9.9x | |||
| $95B | $13B | 1.0x | 1.0x | 7.8x | 7.4x | |||
| $54B | $10B | 1.1x | 1.0x | 5.9x | 5.4x | |||
| $38B | $3.6B | 1.6x | 1.3x | 16.4x | 11.5x | |||
| $4B | $2.4B | 11.8x | 11.0x | 20.2x | 18.7x | |||
| $27B | $4.8B | 3.9x | 6.7x | 22.1x | - | |||
This data is available for Pro users. Sign up to see all Deliveree Logistics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Deliveree Logistics
| When was Deliveree Logistics founded? | Deliveree Logistics was founded in 2015. |
| Where is Deliveree Logistics headquartered? | Deliveree Logistics is headquartered in Jakarta, Indonesia. |
| Is Deliveree Logistics publicly listed? | No, Deliveree Logistics is a private, VC-backed company. |
| How much funding has Deliveree Logistics raised? | Deliveree Logistics has raised $109M across 6 funding rounds. |
| What was Deliveree Logistics' last funding round? | Deliveree Logistics' last funding round was a $70M Series C in March 2022, led by Gobi Partners and SPIL Ventures. |
| Who are Deliveree Logistics' investors? | Deliveree Logistics' investors include Inspire Ventures, Gobi Partners, Ardent Capital, Genesis Alternative Ventures, SPIL Ventures, Asia Summit Capital and PSA Unboxed. |
| Which companies are comparable to Deliveree Logistics? | Companies comparable to Deliveree Logistics include Uber Freight, Loggi, Flexport, Delhivery, Forto and Kuehne + Nagel. |
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