Frisbo plans to obtain EUR 10 million from investors for the development of the next-day delivery

by   CIJ News iDesk III
2022-05-18   14:43
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Frisbo plans to raise EUR 10 million to expand its operations, making next-day delivery the standard across the continent, the company said. At the beginning of the year, the company raised EUR 1.8 million from VC investors to scale up its operations.

In 2021, the company's turnover increased by nearly 80% y / y. The startup hopes to double its revenues this year. At the same time, it wants to intensively scale its operations to facilitate cross-border expansion for an e-commerce company and make next-day delivery the standard across the continent, it said.

"We want to raise up to EUR 10 million for this purpose this year and we can see that investors share our plans. These funds will enable us to provide comprehensive services in Western Europe. We believe that cross-borderisation of Central European online trade does not have to be limited only to Therefore, we are looking for partners and investors who, just like us, see the potential in the strong growth of e-commerce in Central and Eastern Europe and in the opening of companies from the region to clients from the so-called old EU and Great Britain. it is becoming a country of the continental center due to its role as a logistics hub connecting the countries of Eastern and Western Europe," said co-founder and CEO Frisbo Bogdan Colceriu.

"We already offer our partners support on the largest and most popular e-commerce platforms in Poland - including Allegro and IdoSell. On the Polish market, we have also established cooperation with brands such as Shoper and Zento. Thanks to the logistics center located on site, we provide them with efficient implementation of services, meeting the expectations of an increasingly demanding customer," added Colceriu.

Frisbo is a network of over 25 fulfillment centers, integrated with all major e-commerce and marketplaces platforms, such as Shopify, Woocommerce or Magento, as well as eMag Marketplace, Amazon and Allegro.

Source: Frisbo and ISBnews