The amount of the deal was not disclosed.
The round was led by Alibaba Hong Kong Entrepreneurs Fund, with participation from Spark Ventures and existing investor Axis Capital.
The company intends to use the funds to continue its growth and reach in Southeast Asia.
Established in December 2016 by Uber alumnus Crystal Pang and Eric San, and Paco Chan, former Procter and Gamble sales and marketing executive, Pickupp is a logistics optimization platform offering the most efficient, dynamic, low cost solutions for merchants with delivery needs in Hong Kong, Singapore and Malaysia.
The company is specialized in providing 4-hour, same day or scheduled door-to-door delivery service with a diverse supply network. Its real time GPS tracking, flexible delivery window and scheduling feature for routine and sporadic demand have already assisted 10,000+ online and offline retailers to delight their customers with same-day deliveries.
Pickupp has expanded its service to Singapore and Kuala Lumpur in December 2017 and May 2018 respectively.
FinSMEs
30/12/2018