Teleport and Gobi Partners Make Major Investment in EasyParcel
AirAsia cargo and logistics subsidiary the recently re-branded, Teleport, has joined forces with Gobi Partners, a leading venture capital firm to invest US$10.6M in EasyParcel a regional e-commerce and parcel delivery provider.
With nearly half a million users, EasyParcel will use the Series B funding to expand their offering for SME customers while leveraging the unrivalled logistics and infrastructure capabilities that Teleport can offer with more than 100 cities, 10,000 AirAsia flights per week and more than 1,000,000 tonnes of cargo capacity.
Tony Fernandes CEO of the AirAsia Group, Pete Chareonwongsak CEO of Teleport, Jamaludin Bujang Managing Director Malaysia for Gobi Partners and Clarence Leong CEO and Founder of EasyParcel made the announcement in Kuala Lumpur on July 16th 2019.
CEO of AirAsia Group, Tony Fernandes said, “I’ve always believed AirAsia’s logistics business has a huge opportunity to be part of the social and e-commerce ecosystem. Today, we are unlocking that potential with the help of EasyParcel, making parcel delivery across Asean more accessible and inclusive for everyone.”
CEO of Teleport, Pete Chareonwongsak said, “Teleport will transform the logistics and e-commerce ecosystem as we know it, making it easier for people, especially SMEs, to move items from A to B. With our deep operational expertise, this investment will allow us to accelerate the accessibility of logistics for SMEs, while at the same time encourage more collaboration with the regions logistics startup community. We are really impressed by what Clarence and the EasyParcel team have built and look forward to working with them to grow social and e-commerce across the region.”
Chairman and Founding Partner of Gobi Partners, Thomas G Tsao said, “We are glad to be co-investing with AirAsia’s Teleport. Together, we will combine our efforts to help EasyParcel solve Southeast Asia’s logistics bottlenecks and boost the industry’s data analytics. As a platform, EasyParcel is uniquely positioned to streamline the customer’s full journey by integrating end-to-end logistics services with its partners. This generates operating efficiencies overall and creates synergies for the entire ecosystem, including our existing logistics investments, Deliveree and Zoom.”
CEO and Founder of EasyParcel, Clarence Leong said, “Our mission is to address last-mile delivery challenges. Since we started in 2014, we’ve been successfully making in-roads in our home country, Malaysia, as well as in Indonesia, Singapore and Thailand. The funding received from Teleport and Gobi Partners is key to strengthening our footprint in those existing markets. We are grateful for the opportunity to collaborate and excited to start our journey together. EasyParcel’s Series B round follows a successful series A, which was secured from Axiata Digital Innovation Fund (ADIF) and angel investors in January 2016.”