MrSpeedy rebrands to Borzo as parent company bags US$35 mil funding

TO streamline operations and processes across 100 cities in nine different countries, MrSpeedy along with its sister brands under parent company Dostavista Group, have unveiled a new identity – Borzo – after undergoing a global rebranding.

As part of their growth strategy, Dostavista Group also raised US$35 mil (RM145.4 mil) in a Series C funding round led by Mubadala Investment Company, VNV Global, RDIF and Flashpoint Venture Capital.

With the funds raised, the company plans to strengthen its position on the international market as well as in its most profitable region – Southeast Asia (SEA).

As on-demand deliveries surge, Borzo intends to empower local merchants by providing reliable and convenient delivery services.

Accessible via its mobile application, website or application programming interface (API), Borzo enables same-day intra-city delivery at competitive prices.

Behind the scenes, the company applies its highly advanced algorithms to enable affordable, fast, and precise delivery.

The algorithms optimise numerous parallel deliveries, taking into account the geographical routes, package contents, couriers and many others to ensure feasibility of the same-day delivery.

Therefore, no matter where customers are across Borzo’s nine markets, they can be rest assured knowing that their purchases will be delivered safely to their doorstep within the shortest time possible.

“At Borzo, we have always believe that on-demand delivery will become a new normal as it is beneficial for all parties involved and we’re glad it’s happening right now,” Borzo founder Mike Alexandrovski told FocusM.

“With the new funding round closed, we will continue to move toward our goal of becoming one of the top courier delivery companies in every market we operate in. To achieve this, we believe that it is important to ensure operational synchronicity and integrity of the company’s brand perception. Hence, the rebrand to Borzo.”

With unemployment rate in Malaysia having surged to 5.3% in May 2020 – its highest level in more than three decades – Borzo is providing job opportunities to Malaysians to become couriers through a simple registration process while allowing them to determine their own work hours according to a schedule that suits them.

With this, Borzo posted over 1,000% increase in its courier registration over the past year – from 10,000 couriers in February 2020 to a shy of 150,000 couriers by August 2021. – Sept 29, 2021

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