Follow-up $12 million round, which includes automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer (via O.G. Tech Ventures), and Salesforce Ventures, will help further accelerate Bringg’s international growth.
2017 was an important year for delivery logistics. With ecommerce sales reaching $23 trillion in annual sales worldwide, customers are relying on better and faster deliveries for all sort of goods and services.
Bringg provides Cdiscount customers with full visibility across their deliveries, enabling them to track their deliveries in real time. Bringg announced today that Cdiscount, the leading e-commerce retailer in France, is rolling out its platform across their delivery operations.
World-class technical universities, plus expertise developed by Israel’s defence industry and deep links with the US market, has led to a wealth of startups in security and computer vision.
Cdiscount, which is well-known for their innovative offerings, can now provide their customers with full visibility across the delivery process, enabling them to view and follow their orders in real time.
As online retail grows, retailers have to leverage every new touchpoint in the delivery process in order to continuously build customer loyalty. One of the touchpoints that doesn’t get as much attention as the others is the returns process.
All these changes have suddenly turned the spotlight on hitherto behind-the-scenes logistics businesses such as Bringg, which believes that “customer-centric logistics systems have become the new strategic imperative for companies facing these new challenges.
“Retailers have an enormous opportunity to reach new locations if they create a good logistics infrastructure with the right tools, and the opportunity is simply too good to be missed,” says Raanan Cohen, co-founder and chief executive of Chicago-based Bringg…”
Food delivery is big business. Consumers demand convenience and choice when it comes to takeout. Food delivery options used to be limited to pizza and Chinese food, but now virtually any type of cuisine is available to the public. Morgan Stanley Research points to a core addressable annual restaurant spend of $210 billion in the United States alone, of which online food delivery currently comprises only $10 billion – less than 5 percent.