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GoGoVan is the First Unicorn in Hong Kong after Merger

GoGoVan is the First Unicorn in Hong Kong after Merger

GoGoVan becomes the first unicorn (worth more than $1 billion) in Hong Kong after the merger with 58 Suyun, the freight business of mainland Chinese online classifieds giant 58.com.  Steven Lam, founder of GoGoVan in 2013,  is the new CEO after the merger.

” GoGoVan becomes Hong Kong’s first Unicorn – $1 Billion Value “

GoGoVan early investors was led by Centurion Private Equity and in the later stages, includes New Horizon Capital, Singapore Press Holdings and the Alibaba Hong Kong Entrepreneurs Fund.  Steven Lam founded the company with 3 co-founders (Nick Tang Kuen-wai, and Reeve Kwan Chun-man) in 2013, and started with only HKD 20,000.

Source: South China Morning Post

 

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About GoGoVan

GoGoVan is Asia’s pioneer app platform that connects users with a network of drivers for same day on-demand delivery and transportation needs. We aim to redefine the everyday logistics experience by providing convenient and efficient service.  Established in Hong Kong since 2013, GoGoVan has successfully expanded to 13 cities in Hong Kong, Singapore, China, Taiwan, South Korea and India. With over 1.3 million app downloads and a driver network of 150,000, GoGoVan has completed more than 7.5 million orders with an aggregate transaction value in excess of US$200 million in 2016.

Visit: GoGoVan

 


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