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Bangkok Post
Bangkok Post
Business

Lalamove unit aiming for profitability within 2 years

Lalamove Thailand
Mr Lim, centre, said Lalamove Thailand aims to increase its range of delivery vehicle options in order to support corporate users.

Lalamove Thailand, an on-demand delivery service provider, is gearing up for profitability in 2024 by ramping up its services upcountry, increasing the number of corporate users and shipping large-sized goods amid economic challenges.

In 2021, the Hong Kong-based firm raised US$1.3 billion in two transactions of its Series F funding round led by Hillhouse Capital, an earlier investor.

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