Czech logistics startup Grid.online lands €4M after growing deliveries 10× in a year
online, the Czech company building shared infrastructure for first- or last-mile parcel delivery, has raised €4 million after scaling parcel volumes more than 10× in its first year, surpassing 1 ... The company's shared courier infrastructure has surpassed one million deliveries, attracting backing from DFF Ventures, Movens Capital, and former Wolt executives. Logistics & Transportation Czech logistics startup Grid.
Key Takeaways
- online lands €4M after growing deliveries 10× in a year The company's shared courier infrastructure has surpassed one million deliveries, attracting backing from DFF Ventures, Movens Capital, and former Wolt executives.
Cate Lawrence 1 hour ago Share Share Send email Copy link Grid.
- These are pressures that the entire industry feels, regardless of operator size.
Add constant price wars to the mix, and you get the reason why industry margins are getting lower year by year.
- The grid does not compete with its carriers - it helps them utilise their captive fleets to the maximum and cover the rest.
In its first full year, grid scaled parcel volumes by more than 10× and is becoming the neutral infrastructure layer that leading parcel carriers in the Czech market are working with.
- online on the trust of our early clients and couriers, who saw what we saw: that e-commerce delivery is heading toward more vehicles on the streets and tougher economics unless the industry builds a shared alternative.
The €4 million lets us keep building that alternative with them - a grid that works economically for carriers and couriers alike, and powers the future of e-commerce.
- The neutrality of the platform is what makes it work for carriers at scale - this is the kind of category-defining bet our fund exists for.
Stats & Key Facts
- #online, the Czech company building shared infrastructure for first- or last-mile parcel delivery, has raised €4 million after scaling parcel volumes more than 10× in its first year, surpassing 1 ...
- #online lands €4M after growing deliveries 10× in a year The company's shared courier infrastructure has surpassed one million deliveries, attracting backing from DFF Ventures, Movens Capital, and former Wolt executives.
- #online , the Czech company building shared infrastructure for first- or last-mile parcel delivery, has raised €4 million after scaling parcel volumes more than 10× in its first year, surpassing 1 million deliveries through the network.
- #The €4 million lets us keep building that alternative with them - a grid that works economically for carriers and couriers alike, and powers the future of e-commerce.
The company's shared courier infrastructure has surpassed one million deliveries, attracting backing from DFF Ventures, Movens Capital, and former Wolt executives. Logistics & Transportation Czech logistics startup Grid. online lands €4M after growing deliveries 10× in a year The company's shared courier infrastructure has surpassed one million deliveries, attracting backing from DFF Ventures, Movens Capital, and former Wolt executives.
Cate Lawrence 1 hour ago Share Share Send email Copy link Grid. online , the Czech company building shared infrastructure for first- or last-mile parcel delivery, has raised €4 million after scaling parcel volumes more than 10× in its first year, surpassing 1 million deliveries through the network. The round is led by Amsterdam-based DFF Ventures and co-led by Polish fund Movens Capital , with participation from angel investors from the early team of Finnish delivery unicorn Wolt and continued backing from existing investors Reflex Capital and J&T Ventures.
Last-mile delivery is going through the deepest structural change in a generation. Being seized by large platforms, it can swing by 50 per cent or more in a typical week, and the underlying delivery mix is also shifting - home delivery is giving way to locker and pickup-point networks, which require different setups, vehicle types and pricing. A fleet correctly sized for last year's mix is structurally wrong for this year's.
For more details please read the original article at Tech.eu.
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