Zeek

Zeek

Providing an excellent delivery experience to its customers.

HQ location
Hong Kong Island, Hong Kong
Website
Launch date
Employees
Enterprise value
$40—60m
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Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues00000000000000000000
% growth-133 %118 %86 %-
EBITDA00000000000000000000
Profit00000000000000000000
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Dealroom estimates

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More about Zeek
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Zeek is a data-driven logistics technology platform operating primarily in Southeast Asia, established in 2017 by Kin Shun Information Technology Limited and officially launched under the Zeek brand in 2019. The founding team, which includes KK Chiu as CEO, Vincent Fan as Chief Strategy Officer, and Cliff Tse as CTO, comprises experts from the logistics, internet, and F&B industries.

The company targets a wide array of clients, from individual consumers and SMEs to large enterprises, including global F&B brands, fast-food chains, supermarkets, and e-commerce platforms. Its business model revolves around providing one-stop, online-to-offline (O2O) last-mile delivery solutions, generating revenue through its diversified service offerings. A significant part of its business involves forming strategic partnerships, such as with Yoshinoya and Circle K in Vietnam, to empower their digital transformation with intelligent delivery solutions.

Zeek's service portfolio is segmented to address different market needs. "Zeek F&B Delivery" caters to instant food delivery, "ZeekDash" handles point-to-point O2O deliveries, and "Zeek2Door" is tailored for e-commerce parcel delivery. The company also offers "ZeekSolutions," a Software-as-a-Service (SaaS) product that allows businesses to establish their own branded ordering channels, manage deliveries, and integrate with existing POS or CRM systems. This platform utilizes big data analytics, artificial intelligence, and logistics technology to automate and optimize operations, including delivery map planning, resource dispatch, and routing. By leveraging a crowdsourced fleet of over 30,000 members using various transport modes, Zeek can offer flexible and rapid delivery options, including one-hour service.

Financially, Zeek has demonstrated significant growth, securing approximately US$10 million in a Pre-Series A funding round in late 2020, which brought its total funding to around US$15 million. This round attracted notable investors like SF Holding, Chinachem Group, and the Hong Kong SAR Government's Innovation and Technology Venture Fund. The company's revenue surpassed US$28 million in 2020, with plans to use the capital for further expansion across Southeast Asia, including markets like Taiwan, the Philippines, and Indonesia.

Keywords: last-mile delivery, logistics technology, SaaS, O2O commerce, food delivery, e-commerce fulfillment, crowdsourcing, big data analytics, Southeast Asia, supply chain

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