Courier marketplace EasyParcel banks $10.6m in series B round led by Gobi Partners

Malaysia-based courier marketplace EasyParcel has raised US$10.6 million in a series B round led by Gobi Partners through its Meranti Asean Growth Fund.

Jamaludin Bujang (second from left), managing director of Gobi Partners for ASEAN, AirAsia Group CEO Tony Fernandes, EasyParcel founder and CEO Clarence Leong, and Teleport head executive Pete Chareonwongsak are flanked by AirAsia cabin crew. / Photo credit: AirAsia

Another investor was AirAsia Teleport (formerly called Redbox), the budget airline’s delivery unit.

EasyParcel plans to use the fresh funds to “aggressively” scale its online parcel delivery services and expand its offering for small and medium-sized enterprises.

As part of the deal, the company plans to leverage Teleport’s logistics and infrastructure capabilities, which include more than 100 cities, about 10,000 AirAsia flights per week, as and more than 1 million tonnes of cargo capacity, according to a statement.

The new capital will also support EasyParcel’s efforts to strengthen its footprint in its existing markets like Malaysia, Indonesia, Singapore, and Thailand.

In addition, Teleport and Gobi Partners will become major shareholders and board members of EasyParcel.