Zoom2U secures $4.2 million in funding
On-demand courier platform Zoom2U has secured a further $4.2 million of funding to help grow its team, bringing total investment to $7 million.
The company also celebrated its 1 millionth delivery, having organised couriers for retailers such as The Party People, Mon Purse and Jacaranda Hampers.
Zoom2U connects customers directly with the courier who will handle the entire delivery process, from pick-up to drop-off, rather than introducing depots into the mix.
According to founder and chief executive of Zoom2U Steve Orenstein, the funding will be used to grow the platform while increasing its customer base across the country.
“We continuously improve our platform allowing customers to find the perfect courier for their delivery and strengthening our position as a preferred delivery platform,” Orenstein said.
“Since launching in 2014, we’ve seen a huge rise in people adopting online shopping in Australia, with a priority for convenience and fitting in with their fast-paced lifestyle.
“We are excited to connect more customers with couriers to help deliver more emergency documents, forgotten keys and bespoke Christmas gifts to Australians.”
Andrew Smith, head of small companies and micro caps at Perennial Value Management, one of the courier-service’s investors, said the business was a high-growth opportunity.
“We are delighted to invest in Zoom2U as a high-growth, innovative company using technology to connect customers and businesses who want delivery within hours, not days,” Smith said.