Sequoia China led a $515m Series E round in Lalamove.

Sequoia China, a private equity firm, led a $515m Series E round in Lalamove, a company thatoffers last-mile logistics solutions through its app. Other investors include Hillhouse Capital and Shunwei Capital. Known as Huolala in China, the Hong Kong-based company offers last-mile logistics solutions through its app. In addition to the two markets, Lalamove has operations in Indonesia, Malaysia, Singapore, Thailand, Vietnam, India, and the Philippines. The company plans to use the new funds to further expand its business, diversify its business layout, and bolster its logistics data intelligence.