Borzo Philippines, known previously as MrSpeedy, the blue-coated drivers and courier bags, was one of the significant players in the Philippine logistics market. In their recent announcement, they expressed their intention to exit the logistics market by the end of this month after 5 years of service in the Philippines.
Borzo Delivery Service Background
Since its entry into the Philippine market, rebranded from MrSpeedy in 2021, the Amsterdam-based delivery startup has been a key figure in revolutionizing local delivery services. It has an expansive reach across 10 countries, including Indonesia, South Korea, Malaysia, Mexico, Russia, Turkey, Vietnam, Brazil, India, and now exiting from the Philippines.
What is the Reason for Borzo delivery to exit the PH Logistics Market?
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Borzo delivery operations closed down because it “was made with careful consideration of the business landscape”. An unexpected decision of Borzo to leave the Philippine market, though this move highlights the dynamic and challenging nature of the logistics industry in the Philippines.
Important dates to remember about Borzo’s Exit:
| Details | Dates |
|---|---|
| Last day to use and book an order with Borzo Delivery App | January 15, 2024 |
| Last Day for Claims Request | January 19, 2024 |
| Last Day for Client Top Up Refund | January 26, 2024 |
| Official Exit/Operation Shutdown | January 31, 2024 |
Source: https://www.facebook.com/borzo.ph
Borzo Clarifies: No Affiliation with GRIPX
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Borzo Philippines has recently addressed circulating rumors about their exit from the market and potential association with a new service called GRIPX. In their official statement, Borzo assures everyone that they are not affiliated with GRIPX or any other existing or upcoming on-demand delivery service in the Philippines.
This clarification comes amidst news of Borzo’s closure, highlighting their commitment to transparent communication with their riders and clients. They understand the importance of clarity during this transition and want to avoid any confusion regarding their independent status.
Impact on Customers and Partners
The announcement has been met with an outpouring of gratitude from clients and business partners. Borzo delivery testimonials reveal their significant role, especially during the pandemic, wherein facilitating movement and trade at a time was greatly restricted.
Borzo delivery’s exit from the Philippine logistics market is not just the end of a service provider but marks a shift in the logistics landscape. It raises questions about the future of delivery services in the Philippines and the readiness of the market to adapt to such changes.
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