BFM 89.9

Podcast  >  Enterprise  >  Open For Business  >  How Uber Inspired TheLorry’s Modernisation of ‘Lori Sewa’

How Uber Inspired TheLorry’s Modernisation of ‘Lori Sewa’

Goh Chee Hau, Co-Founder and Managing Director, TheLorry

15-May-24 10:00

 How Uber Inspired TheLorry’s Modernisation of ‘Lori Sewa’

“If there is a time to start a business, it is now, while we’re young.”

A lunch between co-workers in their mid-20s in 2014 turned into a startup that has raised RM46 million, is now close to profitability, and wants to generate RM80-90 million in revenue in 2024 powered by its growth in Indonesia.

In 2014, 5 months after an initial discussion over lunch in 2014, Goh Chee Hau and Nadhir Ashafiq started TheLorry. The goal was to connect drivers and their vehicles with business and consumer transport and logistics jobs, with the vision that this would all be powered by proprietary tracking, route optimization and payments technology.

With just a handful of drivers in the early days, today TheLorry is present in 4 countries in the region, namely Malaysia, Singapore, Thailand, and Indonesia, and partners more than 7,000 drivers who provide services like professional house moving, furniture dismantling and disposing, and B2B logistics.

The startup is no stranger to funding rounds. Back in 2016, it raised US$1.5 million in its Series A round, close to RM24 million in its Series B funding round in 2019, and most recently, RM4.1 million through ECF on pitchIN last year.

On this episode of Open For Business, you will learn about TheLorry’s origins and ambitions, their evolution over the last decade, and what the path ahead looks like for this Malaysian-born startup.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  managingmarketstechnologyentrepreneurs

Tags:  home moversbusiness transportbusinessdelivery platform

Play / Pause

Listen now : Discovery Hour: The ABC's of Biodiversity: Sun Bears, Dr Wong Siew Te,...

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Tony Nash, CEO, Complete Intelligence

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Dr. Hoo Chiew Ping, Senior Fellow, East Asia and International Relations (EAIR) Caucus

7:45 AM

Top Story

Dr. Ong Kian Ming, Former Deputy Minister of International Trade and Industry

8:00 AM

The Breakfast Grille

Tan Kay Zhuin, Group CEO, T7 Global

8:30 AM

Morning Brief

Collins Chong Yew Keat, Foreign Affairs, Security and Strategy Analyst, Universiti Malaya

8:45 AM

Morning Brief

Deborah Henry, Founder, Fugee School

9:00 AM

Opening Bell

9:15 AM

Opening Bell

9:35 AM

Ringgit & Sense

Suraya Zainudin, Financial Blogger, Ringgit Oh Ringgit - Shaz (PREREC)

10:05 AM

Open For Business

Jeevan Muniandy, Co-Founder of BidMyAsset

10:45 AM

BFM Football Minutes

Euro Edition

11:00 AM

Tech Talk

Sanjay Sarma, CEO, Asia School of Business (Repeat)

12:00 PM

Enterprise Explores

Dr. Joanne, Founder of Research for Impact, and Nadhirah Ibrahim, Senior Analyst, Institute for Capital Market Research Malaysia (ICMR)

1:00 PM

The Breakfast Grille Repeat

Przemysław Zaręba, Head of Foreign Trade Office In Malaysia, Polish Investment and Trade Agency (PAIH)

2:05 PM

Discovery Hour

The ABC's of Biodiversity: Sun Bears, Dr Wong Siew Te, Wildlife Biologist; CEO and Founder, Bornean Sun Bear Conservation Centre (BSBCC)

3:05 PM

Beyond the Ballot Box

4:05 PM

Health & Living

5:00 PM

Top 5 at 5

6:00 PM

Inside Story

Talkback Thursday

7:30 PM

Beyond the Ballot Box (REPEAT)

7:45 PM

BFM Football Minutes

Euro Edition

9:00 PM

I Love KL

10:00 PM

Back To Back