Lalamove Thailand, an on-demand delivery application provider, has reported revenue growth in 2018 of 123 per cent, with a total transaction value of Bt1.2 billion, the company said in a press release on Wednesday.
Chanon Klahan, Managing Director of Lalamove Thailand, a Hong Kong-based company, said that in 2018, Lalamove Thailand was very successful in transaction value when compared with four years earlier (2015 – 2018) as shown in the following figures;
2015: 2016: 500% with a total value Bt121 million.
2017: 400% a total with total value Bt532 million.
2018: 123% with a total value Bt 1,200 million.
The company's total service distance is over 60 million kilometers. The company said this growth leap is the result of its continuous business expansion and services development, allowing it to differentiate itself from the competition in a market with numerous other players and competitors.
The company said its service provides convenience, speed and efficiency, utilising cutting-edge application to ensure speedy delivery to customers as fast as 60 minutes. The company said it is now the largest on-demand delivery driver in Thailand with a total of 80,000 vehicles.
“During past four years of business operations in Thailand, Lalamove had strong growth performance. With quality of service as its main differentiator, Lalamove Thailand is on track to dominate the on-demand delivery market in 2019, and will continue to expand its service areas in Thailand to meet the needs of all groups of customers,” Chanon said.
In 2019, Lalamove Thailand plans to expand its operations by integrating services such as ‘Lalamove API’ – an automated on-demand delivery process for online businesses that provides great benefits and empowers them to scale-up their business faster.
Another such development is the new face of website and application that give conveniences and functional to customers. These services provide intra-country, large-vehicle and same day delivery.