Friday
August 20
2021

Airasia’s Teleport Acquires Malaysia’s Delivereat for US $9.8 Million to Further Its Super-App Ambition

By Jamille Tran

The synergy will support Teleport in expanding to Malaysia while spurring the growth of both Delivereat and AirAsia’s logistics venture in ASEAN.

Teleport, airasia digital’s logistics venture in Southeast Asia, has acquired Malaysia-based on-demand food delivery platform Delivereat for US$9.8 million.

The deal, which values Teleport at US$300 million, is expected to close by Q3 2021 after final approvals.

Under the agreement, Delivereat’s husband-wife co-founder duo Leong Shir Mein and Tan Suan Sear will join the management team of Teleport and airasia digital.

This development comes more than a month after airasia digital acquired the Thailand operations of Gojek.

Photo courtesy of Chhor Sokunthea / World Bank Photo Collection.

Source: e27 (link opens in a new window)

Categories
Entrepreneurship
Tags
digitalization, emerging markets, entrepreneurs, entrepreneurship, food security