Pickupp, the Asia tech startup redefining logistics, announced it has raised another US$37 million in Series B funding. This third round of funding follows its initial Series A round in November 2020, and Series A+ round. The funding will be used to deepen its presence in Asia and to strengthen Pickupp’s regional logistics network infrastructure, ensuring that the company is better positioned to propel continued growth in quick commerce and e-commerce. The funding will enable the company to execute a more holistic business plan, and from a strategic perspective, support investors’ businesses and online strategies.
Founded in 2016, Pickupp is redefining logistics with its transparent customer-centric service and technology. Its customized last-mile delivery services and trademark technology have earned a loyal customer base from notable MNCs and logistics giants to retail and e-commerce. In the last 13 months, Pickupp has expanded rapidly while continuously diversifying its product portfolio and offerings across all industries and verticals. Pickupp will introduce 10 new satellite warehouses across heartland areas in Singapore by mid-2022. The expansion of these service points, which provides pick up and drop services, micro-fulfilment and warehousing as well as cross-border services, is aligned with Pickupp’s goal of improving the efficiency of deliveries during peak traffic hours and decarbonizing its operations by increasing its walker and rider delivery agent pool. Pickupp provides flexible, tech-driven logistics solutions that enable businesses of all sizes to scale and thrive. Through highly optimized batching and chaining technology, customers can optimize seasonal fulfilment and delivery needs without sacrificing speed and cost, while real-time GPS tracking provides end-to-end transparency. Pickupp’s flexible delivery windows and their handy scheduling feature enable customers to be nimble and capitalize on local and cross border business opportunities.