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

Deliveree Logistics Overview

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

IndonesiaJakarta

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

Deliveree Logistics funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2022Series CGobi Partners (lead); SPIL Ventures (lead)$70MDeliveree 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 2020Series BGenesis Alternative Ventures; Gobi Partners; Inspire Ventures$19MDeliveree 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 2017Series AGobi Partners (lead); Ardent Capital; Inspire Ventures; Asia Summit Capital; PSA Unboxed$15MDeliveree 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 2017SeedInspire Ventures$2M-
Jan 2016SeedArdent Capital; Inspire Ventures$3MDeliveree 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 2015SeedInspire 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

Investors in Deliveree Logistics by funding rounds participated
InvestorHQRoundsRoleFirst check
Inspire VenturesThailandBangkok5ParticipantFeb 2015
Gobi PartnersMalaysiaKuala Lumpur3LeadOct 2017
Ardent CapitalThailandBangkok2ParticipantJan 2016
Genesis Alternative VenturesSingaporeSingapore1ParticipantApr 2020
SPIL VenturesIndonesiaSurabaya1LeadMar 2022

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Deliveree Logistics Competitors

Deliveree Logistics competitors include listed companies like Delhivery and Kuehne + Nagel, and private ones like Uber Freight, Loggi, Flexport and Forto.

Public and private companies comparable to Deliveree Logistics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Uber FreightUnited StatesSan Francisco, CAPrivate$211M-$3.3B15.6x
LoggiBrazilSão PauloPrivate--$1.8B-
FlexportUnited StatesSan Francisco, CAPrivate$471M-$8B-
DelhiveryIndiaIndiaPublicly listed$1.1B$80M$3.4B2.7x
FortoGermanyBerlinPrivate--$2.1B-
Kuehne + NagelSwitzerlandSwitzerlandPublicly listed$30B$2.6B$31B1.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
UPS$89B$12B1.2x1.2x9.2x8.8x
Canadian National Railway$12B$6.5B7.2x6.8x13.6x13.9x
FedEx$95B$11B1.1x1.1x9.5x9.9x
Deutsche Post$95B$13B1.0x1.0x7.8x7.4x
Maersk$54B$10B1.1x1.0x5.9x5.4x
DSV$38B$3.6B1.6x1.3x16.4x11.5x
Adani Ports & Special$4B$2.4B11.8x11.0x20.2x18.7x
Poste Italiane$27B$4.8B3.9x6.7x22.1x-

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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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