Borzo Raises $35M In Series C Funding

Borzo (FKA Dostavista), a Moscow, Russia-based crowdsourced same-day delivery service operating globally, raised $35M in Series C funding round.

Investors include Mubadala, VNV Global, RDIF and others.

The company intends to use the funds to strengthen its position on the international market under the Borzo brand and develop new products.

Led by Mike Alexandrovski, founder, Borzo is a global delivery service that enables intracity same-day delivery via any route, any transport, any weight or size, for a competitive price. Their algorithms optimize numerous parallel deliveries taking into account the geographical routes, packages’ contents, couriers and many others to ensure the feasibility of the same-day delivery. The services are available in 10 countries including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam and are used by over 2 million customers ranging from individuals to enterprises with the main focus on SMEs. 2.5 million couriers perform up to 3 million orders a month through Borzo.