Pickupp bags Series A funding

Pickupp, a Singapore-based logistics startup, has secured an undisclosed sum in Series A investment from a clutch of investors.

Pickupp will utilize the funds to accelerate its expansion in Southeast Asia, to serve 10 major markets within the next five years.

As per a press note, the startup will also diversify its product portfolio and offerings, focusing on the retail and e-commerce industries.

Founded in December 2016, Pickupp began providing customized last-mile delivery services for bulk and ad-hoc deliveries in mid-2017. It has expanded rapidly and is now operating in Hong Kong, Singapore, Malaysia, and Taiwan.

Pickupp claims it currently serves more than 50,000 users and businesses across Asia, including companies such as Charles & Keith.