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Primarily based in Bayan Lepas, Penang, EasyParcel is a Southeast Asian supply service that specialises in offering delivery for companies at aggressive costs and operates in Malaysia, Singapore, Thailand and Indonesia.
Yesterday, the
regional e-commerce and parcel supply participant secured US$10.6 million in collection
B funding from Teleport, AirAsia’s rebranded cargo and logistics platform, and
Gobi Companions.
This was introduced by
AirAsia Group CEO Tony Fernandes, Teleport CEO Pete Chareonwongsak, Gobi
Companions Managing Director Malaysia Jamaludin Bujang and EasyParcel Founder and
CEO Clarence Leong in Kuala Lumpur yesterday.
“I’ve all the time believed
AirAsia’s logistics enterprise has an enormous alternative to be a part of the social
and e-commerce ecosystem,” stated Tony Fernandes.
“In the present day, we’re
unlocking that potential with the assistance of EasyParcel, making parcel supply
throughout ASEAN extra accessible and inclusive for everybody.”
“The fundraising is for us to strengthen our footprint throughout the area we’re in,” Clarence Leong stated, referring to the four international locations EasyParcel at the moment operates in.
The cash will even be spent on buyer acquisition efforts throughout the nation. Clarence believes that regardless of having over 50,000 customers, they’ve barely scratched the floor of the potential buyer base.
In accordance with Pete Chareonwongsak,
EasyParcel leveraging Teleport’s capabilities will imply that prospects, notably
SMEs (small and medium enterprises) will now discover transferring objects from A to B
simpler.
“As a platform, EasyParcel
is uniquely positioned to streamline the shopper’s full journey by integrating
end-to-end logistics providers with its companions,” stated Gobi Companions Chairman
and Founding Associate Thomas G Tsao on their choice to co-invest in EasyParcel
with AirAsia’s Teleport.
Gobi Companions has
beforehand invested in over 250 startups equivalent to Carsome, Visenze and iPrice.
A Delivery Course of
Even Higher Than Earlier than
We requested Clarence what this funding would imply for EasyParcel, and he stated that it will allow them to make use of AirAsia’s huge stomach cargo house for deliveries as solely 15% of the house is often utilised throughout flights.
Even earlier than the announcement
of the funding, the mixing of EasyParcel and Teleport’s providers was in
movement.
This partnership marks
the primary of EasyParcel’s partnerships with freight providers, a step-up from
their normal courier companions.
There are three key issues
prospects can anticipate from EasyParcel’s new direct supply choice by means of
Teleport.
Delivery will now take
a shorter length, value much less and in addition be hassle-free relating to customs
clearance.
Plans for standardising
deliveries inside a sure period of time equivalent to 48 hours or 24 hours could also be
within the works, stated Clarence.
These benefits would
open extra doorways for SMEs inside the ASEAN area to export their merchandise and
achieve a worldwide buyer base.
Funding Shouldn’t
Be The First Precedence
To startups searching for funding, Clarence suggested, “Don’t put funding as the primary precedence as a result of on the finish of the day the explanation for us being entrepreneurs is to get issues solved.”
“If there aren’t any prospects
who’re keen to pay you for the issue you’re serving to to unravel then it
signifies that it’s probably not an enormous problem.”
“The enterprise logic and the enterprise mannequin itself ought to be capable of generate the income if you’re actually fixing an issue.”
Fundraising can solely come after the core has been securely established, he stated, and believing in your group and your group’s perception in what you are promoting is vital to strengthening the core of the corporate.
Discover out extra about EasyParcel right here.
Featured Picture Credit score: Hashim Communications
