Booktopia secures $12 million funding to develop its new fulfilment centre
Pureplay retailer Booktopia has secured a $12 million funding package to support the developments of its Customer Fulfilment Centre (CFC) at Sydney’s Strathfield.
The package involves the establishment of a $7 million trade finance facility with Australian non-bank lender Moneytech Finance and a $5 million short-term unsecured debt facility with AFSG Capital to assist in funding the new CFC fitout.
Booktopia chairman Peter George said completing the funding package was an “important
milestone” for the business.
“The advanced robotics platform and future-proof design will ensure we can continue to evolve with changing technologies and deliver books in the fastest possible time at the lowest possible cost.”
The new CFC – once operational in the third quarter of this year – will support the efficient fulfilment of more than 12 million units per annum.
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