Winterthur based logistics startup, Luckabox announced on 25th September, 2020, that it has raised a seven digit funding in pre-series A round of financing. The start-up claims to utilize this amount to reshape its product aimed at managing the end-to-end last mile logistics process for retailers.
The latest investment round has seen the participation of existing investors Alpana Ventures, SICTIC and DAA Capital rejoin. New investors like Bettina Hein, a serial technology entrepreneur stated that she invested in Luckabox “because of the extremely strong female founder team.”
The investors of Luckabox believes that the pandemic has amplified the need for Luckabox’s logistics solution. They are excited about the startup’s strong growth. Also, the Swiss startup recently made it onto the 30th place on this year’s list of Top 100 Swiss Startups.
“The coronavirus pandemic has accelerated the company’s growth by 600% as retailers rushed to fulfill orders. Ecommerce’s boom has shown companies how critical it is to streamline their delivery processes and that need is only going to go up”, explained Aike Festini who co-founded Luckabox with a fellow female and currently acts as the company’s CEO.
Retailers that wish to optimize last mile delivery to get the best price and quality have to work with multiple courier companies. That interaction between courier and retailer is done via a series of emails, calls, spreadsheets and documents which results in wasted time and energy. In addition, retailers have to deal with their end customer’s ever changing delivery demands such as lost packages, new time windows and little tracking visibility only to coordinate those issues to the courier company.
How it works?
Luckabox’s logistics offering aims to take the load off of retailers and manages the last mile for them. Imagine a process where a customer places an order with a retailer and that order gets delivered without the retailer having to lift a finger. That’s what Luckabox does, they manage last mile delivery for the retailer, so the retailer’s responsibility ends post transaction.
The company claims that latest funding of the fresh fundraiser will help fuel a next gen product that provides retailers an overview of their deliveries through Luckabox intuitive dashboard. Meanwhile, allowing them to track the most minute details of the last mile delivery process.
As disclosed by the company, they already boast of an impressive network of 50+ professional carriers ranging from local bike couriers to mid and larger-sized express operators and taxi providers with coverage throughout all of Switzerland. Their delivery services include same day, next day and scheduled deliveries as far out as a month.
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