Hong Kong Startup Pickupp Raises $15 Million From Billionaires And Conglomerates For Asia Expansion
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Hong Kong-based Pickupp makes logistics more affordable for e-commerce sellers
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Hong Kong-based Pickupp makes logistics more affordable for e-commerce sellers
Logistics startup co-founder and chief executive officer Crystal Pang. Image: Pickupp
Logistics is one of the biggest challenges in e-commerce, especially for smaller merchants. Pickupp helps them compete in the on-demand economy with flexible, customizable delivery services. Based in Hong Kong, Pickupp also operates in Malaysia, Singapore and Taiwan, and claims it can save clients an average of about 28% in logistic costs.
Pickupp is able to do this with an asset-light business model. Instead of operating warehouses or its own fleets, it partners with logistics companies and uses proprietary software to make delivering batches of orders more efficient.