Singapore's Deliver.sg Acquires Indian Venture BusyBee at a value of Half a Million SGD, and Fuels 2 other Tamil Nadu Innovative Startups for International Expansion
Chennai, January 24, 2024: Singapore's leading long-distance delivery platform Deliver.sg, the pioneering entity in the delivery industry and a subsidiary of Maxima Logistics Pte Ltd, is excited to announce the acquisition of Indian Mobility Lifestyle Platform BusyBee, solidifying its expansion in the Asian and Middle Eastern markets.
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| (L to R) Threshant Gopal, Co-founder & Head of Product, Homeradius; Krishnamani Kannan, Co-Founder & CEO, Deliver.sg; Arun Kumar, Founder, ParkQwik; Pyar Mohamed Baghdad (Founder & CEO) HighRices Technologies and Director BRASSY Technologies |
The deal, valued at SGD 500,000, is a testament to Deliver.sg's commitment to enhancing its comprehensive mobility services. BusyBee, known for its transformation from a courier service to a robust mobility lifestyle app, will complement Deliver.sg's DAAS model. With a strong network of over 1800 delivery riders across 317 locations in South India, BusyBee is poised for significant growth under Deliver.sg's umbrella.
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The partnership is anticipated to leverage Deliver.sg's advanced technology and expertise, enhancing BusyBee's operational efficiency and profitability. With the support of Maxima Logistics, BusyBee plans to expand its reach to 1000 locations by 2025, a bold stride towards a connected and convenient future.
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| (C) Madhu G N, Chief Growth Officer, Garuda Aerospace Private Limited |
Deliver.sg's strategy to broaden its scope is further evidenced by significant investments in two promising Tamilnadu startups. Deliver.sg, in a strategic move to empower local communities and culinary experiences, has committed SGD 250,000 in "HighRices", a Tamil Nadu Startup & innovative platform through a share swap and equity funding model. This unique community-based model not only connects residents with home-cooked meals, but also fosters women's entrepreneurship and fosters genuine community engagement.
The investment fuels the co- development of an Augmented Reality (AR) powered app and other cutting-edge technologies, ultimately aiming to revolutionize smart restaurants globally.
Similarly, Deliver.sg has committed SGD 250,000 to HomeRadius, an app designed to make hiring home service professionals a seamless experience. With Deliver.sg's support, HomeRadius is poised to revolutionize home management in Singapore and beyond, offering a convenient platform for users to connect with service providers.
These strategic decisions underscore Deliver.sg's dedication to not only expanding its delivery services but also investing in community-centric and empowering platforms.
"As we integrate BusyBee's wide-reaching capabilities and foster the growth of HighRices and HomeRadius, we are not just expanding our reach; we are creating new opportunities for innovation, entrepreneurship, and community building," said Mr Krishnamani Kannan, Co-founder & CEO of Deliver.sg.
With a vision to redefine the delivery experience and a strategy that supports innovative community models,Deliver.sg is paving the way for a more connected and convenient future.
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