Kuala Lumpur, 16th July 2019 – Teleport, AirAsia’s rebranded cargo and logistics platform, and leading venture capital firm Gobi Partners invested US$10.6M in regional e-commerce and parcel delivery player, EasyParcel.
EasyParcel will use the funding to expand offerings for SME customers, leveraging Teleport’s logistics and infrastructure capabilities across over 100 cities, 10,000 weekly AirAsia flights, and 1,000,000+ tonnes of cargo capacity. This will enhance their mission to address last-mile delivery challenges.
Tony Fernandes, CEO of AirAsia Group, and Pete Chareonwongsak, CEO of Teleport, stated the potential of collaborating with the startup community and using AirAsia’s logistics in making the Asean social and e-commerce ecosystem more accessible for people, especially SMEs. They and Thomas G Tsao, Gobi Partners Chairman and Founding Partner, expressed their pride in co-investing into EasyParcel, citing their potential to develop and streamline e-commerce in the entire region for customers using logistics services, which will further benefit existing logistics investments such as Deliveree and Zoom. Clarence Leong, EasyParcel Founder and CEO, voiced his gratitude for the collaboration of the investors in their Series B.
The investments were funded by Teleport’s retained earnings and Gobi Partner’s Meranti Asean Growth Fund.