Emerging markets same day courier Borzo raises $35 million

Emerging markets same day courier Borzo raises $35 million

Same-day delivery service Borzo has raised $35 million in a Series C funding round. The new funds will be used to support a global rebranding campaign as well as foster further product development. Over the past 9 years, the company has raised $94 million.

The Russian-founded company has operations in Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam. Borzo, now formerly known as Dostavista, services over 2 million active SME’s via a network of some 2.5 million couriers, delivering an average of 3 million orders a month.

For customers, it's a simple matter of using an app to have a parcel picked up on delivered within the same day. behind the scenes, Borzo uses a series of algorithms to optimise parcel delivery routing to ensure this delivery regardless of the mode of transport, weight, or size. A reasonable comparison would be Sennder, but on a smaller scale.

Borzo’s $35 million arrives via Abu Dhabi's Mubadala, VNV Global, Russian Direct Investment Fund, Flashpoint Venture Capital, and other unnamed investors.

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.