February 22, 2019 5:00 AMLogistics service provider Lalamove has raised US$300 million (S$405.9 million) in Series D funds. : The financing rounds were led by Hillhouse Capital and Sequoia China. Other investors in the rounds included Eastern Bell Venture Capital, PV Capital and existing investors such as Xiang He Capital and MindWorks Ventures. The new funds will be used to strengthen Lalamove's technological and innovation capabilities in China and South-east Asia, and to support its expansion into India and into new businesses such as car sales.