Lalamove completes $100m fundraising

HK logistics startup receives backing from investors including Shunwei Capital, which was set up by Xiaomi founder Lei Jun.

Lalamove, a Hong Kong-based courier and delivery service, has completed a $100 million round of fundraising, a senior executive at the company told FinanceAsia on Tuesday.

Leading the Series C round was Shunwei Capital, a venture capital firm set-up by Lei Jun, who also founded Xiaomi, the Chinese technology company. Existing backers Xiang He Capital, a Chinese investor, and MindWorks Ventures, a Hong Kong-based venture capital investor, also participated in the round.

“This round moved very quickly by normal financing standards in venture capital. We had a lot of inbound interest for this specific round because we are growing very quickly,” said Blake Larson, head...

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