The Richmond, B.C., last-mile delivery company said it expects to raise three more tranches for the round this year, but declined to disclose the target beyond saying it will be “substantial.” It plans to use the funds to expand to Los Angeles, New York and other major U.S. cities. (TechCrunch)
Skip to content
The Richmond, B.C., last-mile delivery company said it expects to raise three more tranches for the round this year, but declined to disclose the target beyond saying it will be “substantial.” It plans to use the funds to expand to Los Angeles, New York and other major U.S. cities. (TechCrunch)
Talking point: UniUni has become the largest last-mile delivery provider in North America for Shein. It has helped the popular Chinese fast-fashion company reduce delivery times from 10 to 14 days to four to five. CEO Peter Lu said he is aiming for UniUni to reach unicorn status by 2025. The company pivoted from just restaurant deliveries to last-mile e-commerce deliveries during the early days of the pandemic. It has more than 6,000 gig drivers in Canada and in the U.S., where it just started making deliveries, a few hundred. The company had previously raised $15 million across three rounds, according to PitchBook.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Online harms bill would give new regulator power to slap massive fines on AI, social media giants
Briefing
Cenovus’s Jon McKenzie says there’s no financial case for a new pipeline and major carbon capture
Ubisoft shuts down Winnipeg studio
Quebec invested over $760M in battery companies that eventually went under, report says
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
