O2O Logistics App 'Yunniao' Raises USD 100 Mln Series D
Ctsbw.com, 2/13/17
Beijing-based Yunzhong Xiaoniao Technology, operator of local O2O logistics app Yunniao.me, recently announced completion of USD 100 mln Series D funding led by Warburg Pincus, and with participation from Matrix Partners China and GSR Ventures. Funding will mainly be used for technology investments, and to expand the company's operations to 30 cities this year.
Yunniao mainly offers a transportation management system and logistics-related services. Its transportation management system (TMS) uses GPS positioning data to track and record shipments to manage logistics services, including vehicle dispatch management, route planning, and big data analysis. The company's standard operating procedure (SOP) logistics services can be customized for any business and include warehouse sorting, product inspection and receiving, route planning, client requirement handling, and returns services. Yunniao also offers on-site management and control services.
As of the end of 2016, Yunniao had more than 300,000 drivers. In 2017 the company plans to launch a variety of technology development programs.
Yunniao provides intra-city local delivery services and inter-city logistics services for B2B platforms, B2C and O2O enterprises, brand merchants, manufacturers, and courier services.
Yunniao, founded in November 2014, completed USD 100 mln Series C funding in January 2016.
Editor's Note: For more information on this topic, please see "Local O2O Logistics App Yunniao Adds Inter-city Delivery Service," MD 3/02/16 and "Logistics O2O App 'Yunniao' Secures USD 100 Mln Series C," MD 1/11/16 issues.
Keywords: VC funding wireless Series D GSR Ventures Matrix Partners Warburg Pincus logistics O2O Yunzhong Xiaoniao Yunniao.me mobile application
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