Thailand-born on-demand logistics company Deliveree, which raised $70 million in a Series C round earlier this week, is keen on officially shifting its headquarters to Indonesia — a market that is expected to account for 50-60% of its gross transaction volume (GTV) by end-2023.
Indonesia — which currently contributes 40% of Deliveree’s GTV — is also the base from where its top executives, including co-founder and CEO Tom Kim, operate.