The same-day delivery service Dostavista has reportedly closed $15 million in Series B funding round. The round was led by Vostok New Ventures with participation from returning investors Flashpoint and AddVenture.
The company has stated that the funds will be used to expand its network and focus on aggressive marketing and sales. Mike Alexandrovski, the founder of Dostavista, has never shied away from taking risks. He stated that the investment will be geared towards new bold product experiments and enter new markets.
“We are very happy to be investors in Dostavista, which embodies a beautiful mix of a strong proven entrepreneur, a great team, and a great tech producing a world-class product into the truly huge global market of last-mile delivery,” quoted Per Brilioth, Managing Director of Vostok New Ventures.
Founded in 2012, the Moscow-based startup ensures same-day delivery to all customers that lie in its operating zone. Dostavista has a strong network of reliable courier partners through which they make the same-day delivery possible.
The startup also claims that customers can get the delivery in less than 90 minutes in many cases. Through their mobile app, the customers can book a gig economy styled-courier who will pick up and deliver the commodity in a meager 90 minutes of time.
Alexandrovski cited the facts that while the food ordered could be delivered in 30 minutes, the taxi booked could reach in a few minutes, but the same-day delivery of goods was very limited.
Dostavista was set up with the primary motive to address this area. He further stated that the startup had freed up people’s time, created new business opportunities, and provided employment to thousands of people.
Dostavista has its operations in eleven countries, including Brazil, India, Indonesia, Mexico, Korea, and so on. The company currently has 400 employees, and a strong network of 1 million registered courier services.
With the same-day delivery market space being very competitive with the likes of Glovo and Courierlogistics, the new investment is expected to intensify the competition.
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