Flash Express, Thailand logistics startup has raised funds in its new round of funding.
FREMONT, CA: A two-year-old logistics startup, Flash Express, has bagged $200 million in the Series D round of funding. This startup works with a number of ecommerce firms in Thailand. The Series D funding round was led by PTT Oil and Retail Business Public Company Limited, the marquee oil and retail businesses of Thai conglomerate PTT. In addition to this, Durbell and Krungsri Finnovate, two other top conglomerates in the Southeast Asian country participated in the round. With the amount of funds received through series D round, Flash Express has secured a total of $400 million.
Providing door-to-door pickup and delivery service, Flash Express, the second largest private company in the space, counts Alibaba as an investor as well. With fully automated sorting systems and routing solutions, this company has been standing as a highly progressive and excellent delivery company in the retail and logistics landscape. The company looks to secure fresh streams of funds to innovate its business models and offer more intelligent services in order to expand into Southeast Asian markets.
Based in Thailand, Flash Express is an integrated E-Commerce service provider. Founded in 2007, the company is focused on offering innovative and highly affordable order delivery services. The company claims to be the first service provider who has the policy in its operational, regulatory framework to get the parcel delivered free of cost at the customers’ premises since the first piece of product and also provides 365-day service with any off. Flash Express operates with expanded goods protection program to boost the factor of trust and value from the perspective of the customer.