On-demand courier startup Zoom2u has today announced its first acquisition, snapping up Sydney-based shipping startup Fetchh. The terms of the acquisition were not disclosed.
Fetchh allowed users to enter their shipping details on its app, with Fetchh then picking the user’s items up from their door within 30 minutes, then packaging and shipping them from the Fetchh warehouse, with shipping outsourced to partner carriers. The Fetchh service has now been absorbed into Zoom2u.
Steve Orenstein, founder of Zoom2u, said, “The acquisition of Fetchh enables us to gain access to a wider business customer base and bring some passionate innovators into our team.”
Zoom2u and Fetchh have been working together for some time, with founders Will Jensen and Bryan Maass explaining they decided to join up with Zoom2u after seeing similarities between the approach and ethos of the two companies.
“Among the teams we worked with, Zoom2u stood out as a game changer. Steve Orenstein had created a new system focused on the same principles that we had built Fetchh upon: customer experience, simplicity, and efficiency. The technology Zoom2u uses, to tell customers where their couriers are, at all times, is fantastic and saves everyone so much time,” said Jensen.
“After several discussions with Steve, we have decided to join forces with the Zoom2u team. We want to continue to disrupt and positively impact the logistics industry within Australia, and by building together, we can set the bar even higher.”
The acquisition follows Zoom2u’s partnership with food delivery startup Menulog, helping restaurants without their own delivery drivers launch a delivery service. Orenstein explained that the partnership came about as a result of the startup fielding enquiries from restaurants.
The startup also partnered with Greyhound Australia late last year to provide customers with a cheap next day delivery option around Australia.
Founded in 2014, Zoom2u closed a seed funding round of $850,000, co-led by Anthony Klok, non-executive director of Temando, and Tony Gandel, founder of Gandel Invest last June, saying it has seen 1000 new customers signing up to Zoom2u every month since its launch.
The activity of Zoom2u in the market comes as the old giant of the market Australia Post begins to look more seriously to new technologies to innovate and secure its future, partnering with the CSIRO’s data innovation group Data61 earlier this month.
Australia Post will work with Data61 across three key areas, including digital government services; logistics, applying insights from data gathered from trucks and parcel deliveries to drive advances in supply chain management and methods of delivery; and trusted services, making it easier and safer for customers to use the company’s services both online and in-store.
Image: Bryan Maass, Will Jensen, Steve Orenstein. Source: Supplied.