Hong Kong-based O2O start-up Delivery Republic bags US$2 million to expand in Asia as young consumers lean more on Web
Food delivery service says its large network gives it an edge in city; plans to broaden portfolio to more on-demand deliveries
Hong Kong-based online-to-offline start-up Delivery Republic has received US$2 million in funding from investors as it looks to expand its on-demand delivery services across Asia.
O2O services are rapidly picking up speed in Asia as younger consumers rely more on the internet for various services and new technology gives traditional delivery and logistics businesses a big boost.
As a result, O2O companies have become popular among venture capital investors betting on future billion-dollar start-ups.
Delivery Republic differentiates itself from rivals like FoodPanda and foodora by placing an emphasis on its delivery network and working directly with individual outlets and restaurant chains to get deliveries made within the hour.