Dostavista, the Russian based leading crowdsourced same-day delivery service operating globally, and parent company of MrSpeedy has raised USD15 million (MYR60 million) in a Series B funding round led by Vostok New Ventures, and other existing investors Flashpoint and Addventure.
Founded in 2012, Dostavista will use the funding to continue to focus on product, new bold experiments, more aggressive marketing and sales, and strengthening their global team to make it all happen.
The company’s annual GMV run rate is approaching the USD100 million (MYR400 million) milestone and it employs almost 400 people with offices and operations in 11 countries including Brazil, India, Korea, Mexico, Russia, Turkey and five countries in ASEAN.
Dostavista deploys over one million registered couriers globally and its customers range from individuals to Fortune 500 organisations.
In July 2017, Dostavista first forayed into the ASEAN countries with Indonesia carrying the brand’s first ‘MrSpeedy’ label. A year later, the company expanded its MrSpeedy operations to Thailand, Vietnam, Republic of the Philippines and Malaysia.
These countries have shown month-on-month double digit growth and with the new injection of funds, the goal is to dominate the local markets and expand their reach within ASEAN and beyond.
Since its launch, MrSpeedy Malaysia has seen a growth of more than 300 percent in active users. With more than 1000+ active users and 4000+ registered couriers to date; Malaysian based customers can enjoy the speed and convenience from as low as MYR5.00 per delivery within the Greater Kuala Lumpur area.
Using highly advanced algorithms enable affordable, fast, precise delivery for the mass market. Customers enjoy tremendous convenience, while sellers have the advantage of shipping products in extremely short time, via any route, transport, weight or size. Couriers can even collect the cash payment for these sellers.
“These days it’s possible to order food to your house in a half-hour, taxi in minutes, but your options for affordable, same-day delivery of goods are very limited,” says Mike Alexandrovski, founder of Dostavista. “That’s a problem and one we intend to solve.”
“Over the years we observed how our on-demand delivery changes people’s habits and frees up time for better things in life, creates new business opportunities and provides employment to hundreds of thousands of people. We are already the market leader by number of countries of operation and we are preparing our technology, operations, and sales for exponential growth ahead,” Alexandrovski adds.
“We are very happy to be investors in Dostavista which embodies a beautiful mix of a strong proven entrepreneur, a great team, and a great tech producing a world class product into the truly huge global market of last mile delivery,” says Per Brilioth, Managing Director of Vostok New Ventures.