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GoGoVan
is a free, van-hailing app available on Apple’s iOS
and Google’s Android devices. It was set up in July 2013 in Hong
Kong by five co-founders who wanted to solve the last-mile
logistical requirement in big cities like Hong Kong. It aims to be
the Uber of sorts for moving furniture,
packages and other big items.
In Hong Kong, within nine
months of its launch in July 2013, GoGoVan
successfully captured close to 50% of the independent logistics
providers. To assist GoGoVan to expand
into Singapore and across Asia, Centurion Asia Private Equity Fund
invested USD6.5 million in GoGoVan’s
A-round financing in August 2014. And Chinese social network Renren took a roughly 10% stake in GoGoVan in November 2014 by giving it an
additional USD10 million in funding to expand across Asia. GoGoVan is now targeting about five cities in
the first quarter of 2015 including Japan, China and Southeast
Asia.
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