Lalamove: Business Overview, Financials & Competitive Analysis
Lalamove scores 7/10 on the AskCyborg Cyborg Score (Solid). Asia-Pacific's leading on-demand logistics unicorn with substantial capital, multi-market scale, and pending public exit—strong risk/reward for investors awaiting IPO clarity. Lalamove demonstrates strong fundamentals with $2.5B in total funding, a $10B valuation, and presence across 21 markets. However, as a private company, it faces execution risks on its Hong Kong IPO.
What is Lalamove's industry? Lalamove (lalamove.com) operates in Last Mile Delivery Services. AskCyborg classifies Lalamove under Last Mile Delivery Services in its company registry.
Lalamove is an on-demand logistics platform that connects drivers with customers and SME businesses to fulfill same-day deliveries through van-hailing and courier services operating on a 24/7 basis with instant matchi...
Cyborg Score thesis
Asia-Pacific's leading on-demand logistics unicorn with substantial capital, multi-market scale, and pending public exit—strong...
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Get Current Report FreeLalamove Overview
Pro stress-test →Lalamove is an on-demand logistics platform that connects drivers with customers and SME businesses to fulfill same-day deliveries through van-hailing and courier services operating on a 24/7 basis with instant matching, real-time vehicle tracking, and driver ratings. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a pool of over 700,000 driver-partners.
Strategic Profile
Pro stress-test →Founded in Hong Kong in 2013, Lalamove has raised more than $2.5B and was last valued at around $10B; in 2025 it filed for a Hong Kong IPO under parent Lalatech. The company targets SMEs and enterprises seeking efficient intra-city logistics, competing in high-growth Asian and emerging Latin American markets with a technology-driven platform emphasizing speed and transparency.
Competitive Landscape
Pro stress-test →Top competitors include Cainiao, ZTO Express, and Parcellab. Other competitors include Ekart, Xpressbees, gojavas, ECMS Express, and Cargomatic. Lalamove differentiates through intra-city same-day delivery focus, 24/7 operations, and driver-partner incentive structures, competing against broader logistics networks (ZTO, Cainiao) and emerging quick-commerce platforms.
Industry Context
Lalamove operates in Last Mile Delivery Services.
Key facts
Founded: 2013 · Headquarters: Singapore · Employees: 6,531 · Revenue: N/A · Market cap: N/A