August 13, 2019 – Kuala Lumpur, Malaysia – Dostavista, the Russian based parent company of MrSpeedy and leading crowdsourced same-day delivery service operating globally, has raised USD15M (MYR60M) in a Series B funding round led by Vostok New Ventures, as well as other existing investors Flashpoint and Addventure. Founded in 2012, Dostavista is already profitable and will use the funding to continue to focus on product, new bold experiments, more aggressive marketing and sales, and strengthening their global team to make it all happen.
Dostavista’s success will help promote same-day delivery as a dominant delivery option, as the company’s annual GMV run rate is currently approaching the USD100 million (MYR400 million) milestone. Dostavista employs almost 400 people with offices and operations in 11 countries including Brazil, India, Korea, Mexico, Russia, Turkey and five countries in ASEAN. The company deploys over one million registered couriers globally and its customers range from individuals to Fortune 500 organizations.
Dostavista first forayed into the ASEAN countries in July 2017 with Indonesia carrying the brand’s first ‘MrSpeedy’ label. A year later, Dostavista picked up the pace with MrSpeedy operations launched in Thailand, Vietnam, Republic of the Philippines and Malaysia, all within the second half of 2018. These countries have shown month-on-month double digit growth and with the new injection of funds, the goal is to dominate the local markets and expand their reach within ASEAN and beyond.
MrSpeedy Malaysia has been operational for a mere 8 month period and has seen growth of more than 300% in active users since its launch. With more than 1000+ active users and 4000+ registered couriers to date; Malaysian based customers are enjoying the speed and convenience of delivering food, flowers, documents and more with prices as low as MYR5.00 per delivery within the Greater Kuala Lumpur area.
All customers need to do is request a delivery on the MrSpeedy website (https://mrspeedy.my/) or via the mobile app and a trusted courier will pick up and deliver the requested item in less than 90 minutes. It looks simple, but behind the scenes Dostavista applies its highly advanced algorithms to enable affordable, fast, precise delivery for the mass market. Customers enjoy tremendous convenience, while sellers have the advantage of shipping products in extremely short time, via any route, transport, weight or size. Couriers can even collect the cash payment for these sellers. Overall, the service offers a drastically better experience for all parties involved at a competitive price.
“These days it’s possible to order food to your house in a half-hour, taxi in minutes, but your options for affordable, same-day delivery of goods are very limited,” says Mike Alexandrovski, founder of Dostavista. “That’s a problem and one we intend to solve.”
“We are very happy to be investors in Dostavista which embodies a beautiful mix of a strong proven entrepreneur, a great team, and a great tech producing a world class product into the truly huge global market of last mile delivery,” says Per Brilioth, Managing Director of Vostok New Ventures.
Dostavista was founded by Mike Alexandrovski, who wanted to create a mobile game where people could pick up virtual items and carry them across the city for some reward. Long before launching the game, he realized that he had no idea how to monetize it. So, he took a bold plunge and pivoted toward letting people deliver real packages. That’s how Dostavista’s crowdsourced same-day delivery service was born.
“Over the years we observed how our on-demand delivery changes people’s habits and frees up time for better things in life, creates new business opportunities and provides employment to hundreds of thousands of people. We are already the market leader by number of countries of operation and we are preparing our technology, operations, and sales for exponential growth ahead,” continues Alexandrovski.