Renren Invests in GoGoVan
Vista Point Advisors is pleased to announce an investment in GoGoVan by Renren. Vista Point Advisors acted as the exclusive financial advisor to GoGoVan.
GoGoVan is a rapidly expanding delivery-van reservation and renting service app that makes last-mile deliveries easier for users throughout Asian markets. Founded in late 2013, the Hong Kong based startup has already captured greater than 50% of the independent logistics providers market there. GoGoVan has also worked with corporate clients including Kerry Logistics, SF Express, and DHL and its model allows for the expanison into major metropolitan cities where there are last-mile logistical requirements.
Renren operates a social networking Internet platform in the People’s Republic of China. The company operates renren.com, a social networking Website that enables its users to communicate and stay connected with their friends, classmates, family members, and co-workers. As of November 2014, Renren.com had approximately 219 million activated users with 43 million unique log-in users.
About Vista Point Advisors:
Vista Point Advisors is a boutique investment bank that focuses on advising middle-market companies in the Software, Internet, Mobile, Digital Media, and Healthcare industries. Our strategy is to partner with growing and profitable businesses that are interested in understanding their options in the marketplace. We focus exclusively on sell-side M&A and capital raising transactions.