In much of Southeast Asia, logistics are not only complex but expensive. Delivery: wants to solve this problem with a platform that not only allows customers to order trucks, but also uses algorithms to determine the best route based on location, freight, and even weather. The company announced today that it has raised $ 70 million in Series C, led by Gobi Partners և SPIL Ventures, with the return of investor Inspire Ventures. This brings the total collection to $ 109 million since it was founded in 2015.
The high cost of logistics means consumers end up paying higher prices, said Tom Kim, co-founder and CEO. “So we see the market is number one, the inefficiency of freight և freight has materially increased costs. Imagine you are in California, Los Angeles և buying a pair of Nike shoes. What part of the cost of that sale is spent on logistics, transportation and storage? The answer is very well documented. That is about 8%. If you buy the same Nike shoes in China, the answer is about 15%. And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer will be much closer to 25%, maybe more than 30%.
The company says that in the last 24 months, the gross value of its transaction has increased 3.2 times, this year it will exceed $ 100 million. It currently has 500 employees and 100,000 drivers on its platform.
Deliveree is now available in Indonesia, the Philippines and Thailand. It mainly focuses on large trucks transporting commercial goods or large items. Kim said that based on Google Analytics, it is more searched than other logistics companies. These include: Waresix:Go Box, Cargo Tech և: Logically In Indonesia; Mober, Inteluck և TheLorry in the Philippines; iz Giztik, TheLorry և Ezyhaul in Thailand.
Kim added that the logistics war is especially hot in Indonesia, where many logistics startups have received funding, such as Waresix.
“There are a lot of startups being built there, disruptive technologies in space, and that’s definitely a very active market,” he told TechCrunch. “There are all these famous players like Waresix or even Kargo Tech. “The Philippines և Thailand is also an interesting և wonderful market, but there are fewer players in the logistics sector, especially freight, freight և freight.”
One of the problems that Deliveree solves is the inefficient use of trucks. For example, trucks deliver cargo but then return empty to warehouses. If it’s part of the Deliveree system, companies can still fix it when shipping. It makes better use of the money spent on fuel and time պետ dispatch teams.
“In Thailand, in the Philippines, in Indonesia, there are terribly empty trucks moving around because everyone has their own corporate fleets,” Kim said. “They make a one-way delivery, and the truck goes back empty. This is the case even with long distance shipping, when you ship goods from one warehouse to another in a city. The same thing happens: you send the truck aside full, և it returns, sometimes hundreds of kilometers, empty. ”
Deliveree solves these problems through a dynamic marketplace, which Kim says currently has tens of thousands of customers-sellers, including independent drivers, and a combination of shipping companies. Market technology, combined with its size, can identify customers in both directions of truck travel, so it rarely travels empty-handed. The market consolidates demand և determines optimal routes so that trucks stay full. Kim said that before the advent of Deliveree, the 40% to 50% usage rate was considered above average. However, in the Deliveree market, trucks can reach up to 80% usage level thanks to Deliveree’s in-house data collection, which they have been working on for five years.
“While it is far from perfect, it is getting smarter every day as we make thousands of bookings every day. It can make more accurate predictions about booking time, day of the week, time of day, even weather. . “These are all things that have a drastic effect on sleep,” Kim said.
This also means that the warehouse has shorter queues, as Deliveree algorithms can predict what the loading and waiting time will be.
Most companies have their own fleet, which means hiring dispatch teams, administrators, security teams, parking lots, and security personnel. This is still being done in a famous way, Kim said, which means a lot of costs for companies. Kim said her argument is that Deliveree’s offer to companies is that they can take out their balance sheets ամ fix trucks based on assets, for example. This means that they only pay for trucks when they need them. When the epidemic happened, the revenues of many companies fell, և Kim said, which led to more acceptance of Deliveree as they tried to increase revenue. This increased Deliveree’s acceptance as more companies tried to find ways to save money by converting their fixed costs into variable costs.
Deliveree monetizes by charging a customer and sharing it with carriers. The standard Deliveree ratio is 80% for an independent freight or shipping company, և 20% commission for the company.
In a statement, Gobi Partners CEO Kay Mock said: “Because of the post-epidemic epidemic, we are moving towards an inflationary environment plagued by supply chain problems. “Deliveree has created the best technology platform for customers, which will allow them to optimize, reduce logistics, and the overall cost of the shipping company.”