Chinese e-Commerce Shipping Startup Buyandship Secures $2.2 Million, To Expand to UAE and South Asia
Buyandship will aim to solidify its presence in existing markets as well as develop new markets around the world.
Buyandship, a Hong Kong based e-commerce shipping services company, has just raised $2.2 million in a pre-series B funding round led by existing investor Infinity Venture Partners, Asia-focused VC firm SQ Capital and unnamed angel investors. The investment will be used to improve operational efficiencies and for market expansion.
After closing its Series A funding in mid-2017, it has expanded into China, UAE, Taiwan, Japan, India, Malaysia, Singapore and Macau. It currently operates collection and export warehouses in Japan, South Korea, China, the United States, the United Kingdom, Australia and more.
Wilson Chan, co-founder and CEO of Buyandship says that e-shoppers are mainly motivated by the vast difference in prices. Customers can pay $20 for the first 2 pounds, and $8 per pound after the first two pounds in shipping fees, then receive parcels at home. The parcels are fully tracked using he service, from end to end, with a deliver time of 8-10 working days from the arrival to the warehouse.
“Our goal is to build a borderless, international e-commerce network for our users, so they can easily and comfortable enjoy the best bargains from around the world through out services. When they need a cutting-edge, forward-thinking e-commerce logistics service, they think of BuyandShip,” the CEO explains.
Founded in 2014, Buyandship provides global shipping services for e-commerce customers, where customers can choose the firm for international shipping and deals from merchants abroad. Buyandship has already signed agreements with eBay, StockX, GLADD, Drop and other merchants to support their expansions.
