Delivery software startup Bringg raised more than $30 million in a fundraising round backed by Salesforce and Siemens' investment wing Next47.
Bank of America analysts have hyped the online delivery sector as being "on fire" due to COVID-19, with retail and logistics giant Amazon seeing sales jump 26% in the first quarter of 2020. CEO Guy Bloch said some of Bringg's clients had reported an 800% surge in online deliveries.
Founded in 2013, Bringg counts major retail and restaurant players among its biggest customers around the world, including Walmart and McDonald's, which use its software to coordinate deliveries. Bringg specializes in helping traditional bricks and mortar outlets compete with retail giants like Amazon, by providing ready-to-use software, which allows them to easily track drivers and communicate with customers.
As COVID-19 puts paid to high-street shopping, CEO Guy Bloch told Business Insider he had seen a surge in demand for online deliveries – with some clients reporting an 800% jump month-on-month.
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