On-demand delivery and tech logistics startup Pickupp has secured additional investments from Reefknot, a joint venture backed by Temasek Holdings and Kuehne + Nagel, bringing the total value from its series A and A+ funding to approximately US$20 million.

Pickupp, which has over 100,000 delivery agents across Asia and Singapore, will use the funds to strengthen its operational efficiency to accommodate the growing use of online-to-offline services in Singapore and its other markets – Hong Kong, Taiwan and Malaysia.

The funds will enable the startup to strengthen its dispatch network with the expansion of new satellite warehouses across different markets, support technological developments to enhance the capabilities and cost-savings of its existing products, and introduce new services to meet the evolving demand for last-mile deliveries.

"The e-commerce and last-mile delivery landscape is growing at a fast pace in Singapore, with sales from year-end promotions and delivery orders expected to reach record highs in the coming months," says Lee Chee Meng, co-chief operating officer at Pickupp Singapore, adding that in addition to improving the firm’s technology and offerings in the coming years, it will continue to invest in the welfare of its delivery partners.

Pickupp will welcome at least 10 new satellite warehouses across heartland areas in Singapore within the next 6 months. The introduction of these new dispatch points coincides with the firm's push to increase its walker delivery agent pool to improve the efficiency of deliveries during peak traffic hours and decarbonize its operations with sustainable deliveries.