Singaporean Relocation Services Startup Moovaz Acquires Van-hailing Platform GetVan

Over the last 6 months, Moovaz has raised a US$7 million Series A and acquired two companies

Singapore-based logistics startup Moovaz has entered into an agreement to acquire van-hailing startup GetVan for an undisclosed amount, Moovaz announced in a press release today.

The acquisition will bolster the startup’s end-to-end relocation platform with GetVan’s technological offering and strong driver-partner network, Moovaz noted in the statement.

Moovaz aims to link the operational services of both companies across the supply chain, and integrate their cross functional data capabilities, as well as leverage each other’s distribution networks for their go-to-market efforts regionally.

It added that GetVan Founder and CEO James Neo will join Moovaz as Head of Supply Chain Operations following the acquisition.

Founded in 2016 by former GO-JEK Executive James Neo, GetVan is an on-demand van hiring service that offers intra-city logistics solutions for businesses and individuals.

GetVan is a pioneer of the multi-sided platform model in van-hailing business and focuses on technology with social value for driver-partners, businesses and end-users, the statement noted.

GetVan Founder Neo said in the statement, “Moovaz and GetVan share a common belief that to win with customers, we have to first win with our partners.”

“I am impressed by the strong commitment to protecting partner earnings and experience within the Moovaz platform. I believe in the vision of the Moovaz team, and I look forward to my new calling of delivering innovative experiences for the modern, mobile citizen,” he added.

Commenting on the new acquisition, Isaac Chua, Head of Corporate Investments, YCH Group, said in the the statement, “James’ ability to bring GetVan to its position today is a testament to his discipline and resilience, which is vital in the logistics arena.”

“Never afraid to get his hands dirty, he commands respect among his driver-partners for having worked alongside them as a partner himself in the early days of GetVan. His deep empathy and strong quantitative skills will be invaluable in his new role of integrating GetVan’s supply chain to drive value for the wider Moovaz ecosystem,” he added.

Neo has been known as a strong advocate for the rights of independent private-hire drivers and operators, particularly in response to coronavirus-induced business disruptions, the statement noted.

The latest acquisition announcement comes after Moovaz acquired Singapore Press Holdings’ expat-focused publication The Finder in June this year, to create content for the purpose of building a community on its digital relocation service platform.

Founded in 2018, Moovaz is an all-in-one relocation-tech platform that aims to inspire the freedom to relocate and revolutionize the logistics and international relocation industry by offering an unprecedented level of transparency and open access to global mobility services worldwide.

According to the statement, the 2-year-old startup has a global network of more than 2,000 certified partners.

Moovaz had raised $7 million in its Series A funding round led by Quest Ventures, YCH Group, and government-owned deep-tech investor SGInnovate, in April this year.

Moovaz Co-founder and CEO Junxian Lee said, “I am excited to scale GetVan’s robust technology and partner onboarding capabilities to further our ambition as a leader in global relocation.”

Header image courtesy of Moovaz

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

How Is Technology Influencing the Food and Beverage Industry

How Is Technology Influencing the Food and Beverages Industry?

Food waste, sustainability and animal cruelty are some of the biggest challenges facing the food and beverage (F&B) industry nowadays. Like any other sector, the industry is dipping its toe into technology and innovations to seek solutions. While we are already seeing more food tech solutions in our everyday lives, like plant-based meat alternatives and food waste management startups.

3 Innovations for a Cleaner Environment You Never Heard Of

3 Innovations for a Cleaner Environment You Never Heard Of

Innovation in clean energy, sustainable infrastructure and eco-friendly solutions to environmental hazards are the need of the hour. The burden on the world’s natural recourses is immense, and it is high time we focus on renewability and diversification. While we are only scratching the tip of the iceberg, here are three innovations working to create an environment-friendly future.

How Can Entrepreneurs Overcome Loneliness?

How Can Entrepreneurs Overcome Loneliness?

Starting your own business is a project that will take over most of your life. You are straying away from the typical 9-5 jobs that your friends and family may have. The sheer effort you have to make to get a business up and running will leave you feeling lonely. While it might seem almost expected to feel lonely during your startup journey, loneliness is a slippery slope to several health conditions.

8 Techniques to Get Readers Rolling Right into Your Content

8 Techniques to Get Readers Rolling Right into Your Content

We’ve all been there. We’ve spent hours crafting the perfect blog post, article or white paper, but no one is reading it. Why? It could be for a million reasons, but often it’s because we’re not doing enough to get people to come to our content. In this article, we’ll learn about the eight techniques that will help you draw in readers and get your content read!

Amazon vs Flipkart Who Will Win Festival Sale War in India

Amazon vs. Flipkart: Who Will Win the Big Festival Sale War in India?

Amazon India and Flipkart, the two biggest ecommerce giants in India, have always been in a neck-to-neck competition for supremacy in the country. There is no better occasion to showcase their strength and take advantage of people’s shopping mood than during the Indian festive season, which begins in late September featuring various festivals, like Durga Pooja, Dussehra and Diwali.