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Sunday | September 27 | 2020

Innoship startup raises 550,000 EUR as seed investment

Innoship startup secured a seed investment from GapMinder VC. The investment of 550,000 EUR comes at a mere six months from the commercial launch of the solution.

The company implemented the Innoship solution for its first customers at the beginning of 2020 and currently manages approximately 20,000 daily orders.

The Innoship solution can be integrated with all large ecommerce platforms, warehouse management systems, ERP (enterprise resource planning), fulfillment and marketplace active in Romania and regionally.

Its clients’ portfolio includes the most well-known names in the local ecommerce and distribution ecosystem such as Miniprix, Kalapod, OLX, Depanero, Network One Distribution, Dentstore, Oralix, Topline, xpertbeauty.ro, Arco Expert, Algernon, green-future.ro, mezoni.ro, Generalmotor, and many others.

The seed investment round received from GapMinder VC will stimulate the accelerated growth of Innoship adoption among retailers active on the Romanian market and its first steps towards internationalization while speeding up the development of new functionalities for its platform.

Innoship optimizes the interactions between retailers and carriers, streamlining the costs of courier services by up to 25% and increasing delivery performance by up to 15% through a dynamic allocation of the orders according to the criteria selected by the retailer in the platform.

Innoship technology increases the quality of the shipping service experience, providing easy access to new fast delivery options while substantially reducing costs.

The advanced machine-learning algorithms of the solution analyze the performance of different delivery options across the relevant geographic area and the retailer’s delivery points to allocate delivery orders based on customized criteria and the approach set by each retailer.

This way, Innoship facilitates the access of retailer of all sizes to an advanced delivery management solution, which until now was only available for large ecommerce platforms.

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