SA start-up attracts R20 million cash injection
BusinessTech.co.za - Feb 3rd 2015, 10:04
E-commerce start-up Parcelninja, which provides cloud-based warehousing and delivery solutions in South Africa, has attracted a R20 million investment from C5 Holdings.
C5 Holdings is the parent company of C5 Capital, the London-based specialist data and cyber security fund manager.
Parcelninja is a Gauteng-based e-commerce solutions company, which offers a full suite of services to online shops in SA.
The group says it will use the latest cash injection to grow its operations locally, and significantly increase the number of companies it serves.
Started in 2013 by Justin Drennan, Ryan Drennan, and Terence Murphy, Parcelninja launched its first commercial services in October 2014.
The three founders are experienced entrepreneurs, having founded WantItAll, helping to grow Superbalist – which it sold to Takealot – and collaborating with Makro to handle a large part of the company’s e-commerce needs.
Through Parcelninja the trio shifted their focus to becoming an e-commerce enabler, making it possible for online shops to outsource most of their e-commerce needs.
The services offered by Parcelninja include integration into existing e-commerce engines, product warehousing, picking, and packing, delivery, and reporting.
“E-commerce is growing in South Africa, and Parcelninja is there to assist online shopping companies by removing the most expensive and time consuming parts of the business,” said Drennan.
“Parcelninja offers online shops the benefits of a large-scale e-commerce operation, which drives down costs and provides better service levels,” he said.
Parcelninja says it already provides e-commerce services to Superbalist, WantItAll, Grabit, DCStore, Juniva, Action Gear, Kids Emporium, and Flook.
Parcelninja has a 4,500 square meter warehouse in Linbro Park near Sandton.From 2015 Copyright, BusinessTech. All right reserved.
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