Deliver.sg, the long-distance delivery platform based in Singapore and a subsidiary of Maxima Logistics Pte Ltd, has completed the acquisition of BusyBee, an Indian Mobility Lifestyle Platform. This move solidifies Deliver.sg’s expansion strategy in the Asian and Middle Eastern markets.
The acquisition, valued at SGD 500,000, is expected to complement Deliver.sg’s Delivery as a Service (DAAS) model, according to a press release.
BusyBee, with a network of over 1,800 delivery riders across 317 locations in South India, anticipates significant growth under the umbrella of Deliver.sg, the company stated.
The partnership aims to capitalize on Deliver.sg’s advanced technology and expertise to enhance BusyBee’s operational efficiency and profitability. With the backing of Maxima Logistics, BusyBee plans to extend its reach to 1,000 locations by 2025.
“As we integrate BusyBee’s extensive network with the growth of HighRices and HomeRadius, our goal transcends expanding our geographical footprint. We’re fostering innovation, entrepreneurship, and community building,” said Krishnamani Kannan, Co-founder & CEO of Deliver.sg, and the Vice Chairman of SSACCI – Singapore South Asia Chamber Of Commerce And Industry.
Deliver.sg is further expanding its reach by investing SGD 250,000 in HighRices, a Tamil Nadu-based startup, through a share swap and equity funding model. This investment aims to support the development of an Augmented Reality (AR) app and advanced technologies to transform smart restaurants globally.
In a similar vein, Deliver.sg has allocated SGD 250,000 to HomeRadius, an app designed to streamline the process of hiring home service professionals. With Deliver.sg’s support, HomeRadius seeks to revolutionize home management in Singapore and beyond, offering a user-friendly platform for connecting with service providers.