What is GoGoX?
Established in 2013 and formerly known as GOGOVAN, GoGoX operates as Asia's first app-based logistics platform. The company leverages innovative technology to offer a comprehensive suite of logistics services, including van-hailing, instant delivery, and customized logistics solutions. By instantly connecting individuals and businesses with a vast network of logistics partners, GoGoX aims to provide speedy, agile, and convenient delivery services. Its operational footprint extends across Hong Kong, Singapore, Taiwan, South Korea, India, Vietnam, and Mainland China, serving over 300 cities and boasting a network of more than 8 million registered drivers.
How much funding has GoGoX raised?
GoGoX has raised a total of $506.6M across 5 funding rounds:
Angel/Seed
$129K
Series A
$16.5M
Series B
$10M
Series C
$130M
Series D
$350M
Angel/Seed (2013): $129K with participation from Cyberport
Series A (2014): $16.5M led by Centurion Investment Management
Series B (2015): $10M supported by Hu Zemin
Series C (2016): $130M featuring Alibaba Entrepreneurs Fund, Singapore Press Holdings, and New Horizon Capital
Series D (2021): $350M backed by Cyberport and BOCOM International
Key Investors in GoGoX
Centurion Investment Management
Centurion Investment Management is a boutique Asian private equity firm focused on investing in small to middle-market companies, often seeking growth and expansion opportunities across diverse industries. They have a proactive approach to managing investments and a strong track record of successful exits.
Hu Zemin
Undisclosed investor participating in the funding round.
Alibaba Entrepreneurs Fund
Undisclosed investor participating in the funding round.
What's next for GoGoX?
The recent major strategic investment in GoGoX signals a pivotal phase for the company, likely aimed at further scaling its operations, enhancing technological capabilities, and potentially expanding into new markets or service verticals. Given its extensive network and diverse service portfolio, GoGoX is well-positioned to capitalize on the growing demand for efficient and reliable logistics solutions. Future strategic moves may involve deeper integration of AI and automation to optimize delivery routes and customer experiences, solidifying its competitive edge in the dynamic Asian logistics landscape.
See full GoGoX company page
