Courier service TopDelivery has raised investments from Impulse VC fund

21 November 2014

Impulse VC announced a deal with TopDelivery - a company offering a full range of integrated delivery services for online retail. TopDelivery focuses on technological solutions with full control of physical delivery. The service integrates with the databases of online stores, processes orders and generates a complete supply chain. Delivery geography covers the whole territory of Russia and includes 2 700 settlements.

Development of logistics, customer services and IT system is going to become the priority investment patterns. The plans for company development include expanding of directions of delivery and start of work in new areas, improving of customer service and introduction of new services aimed at improvement of quality and convenience for end recipients of parcels. Moreover, funding will provide a sufficient level of current capital which will allow the company to remain stable even during a recession year.

“The deal will, first of all, give us an opportunity to implement the planned projects to start which our own funds were not enough. We will continue to adhere to our basic development vectors: IT systems, quality services for online stores and end-users, as well as expansion into new regions”, Gleb Nikulin, co-founder and development director of TopDelivery, says. “This round of investment shows that the trend that was in the market three years ago, when investors mainly funded the projects in the e-commerce sector, is changing, and the interest to infrastructure projects with automation software for retailers is increasing.”

“Funding will enable the operationally profitable company to invest sufficient resources in development of the delivery process automation product. The solution of the problem of cargo transportation to the end customer is an important and ambitious challenge at the federal level. IT infrastructure development, current success of the company and experience of its founders allow TopDelivery company to take a leading position in the market of products for online stores”, Vadim Dyakov, investment manager of Impulse VC, comments. “We are confident that delivery services in Russia will soon approach the level of the best global representatives.”

Impulse VC is a venture capital fund and incubator of technological online projects. The fund effects seed financing of the companies with the potential to scale business-models and enter international markets.

TopDelivery is a regional courier delivery services across Russia offering services to online stores. Geography of the supply chain of the company includes 2700 settlements in 44 regions of Russia (from Moscow to Vladivostok), as well as 53 self pick-up points in more than 44 cities.