Zoom2u hails $1.85m in expansion cash


CEO Orenstein’s backers see the need to bolster operations

Zoom2u hails $1.85m in expansion cash
Steve Orenstein has more cash for expansion.

 

Express courier disruptor Zoom2u has revealed $1.85 million fresh funding from its core investors 12 months after its first instalment.

The Steve Orenstein-led firm claims 14,000 customers since its October 2014 launch and has since clocked up an innovative alliances with Greyhound and Menulog plus a takeover.

Now the company says existing experienced technology investors Anthony Klok and Tony Gandel, founder of Gandel Invest, have decided to re-invest.

"Zoom2u plans to expand its network across Australia, to cover additional metropolitan cities and also regional areas for the first time," it says.

"Specifically the funding will be used to hire new staff across operations, development, sales and marketing, with a focus on helping businesses of all sizes deliver goods to their customers at speed."

Rosenbaum is keen to support Zoom2u in their mission to transform parcel delivery in Australia.

"My experience running Deals Direct certainly taught me that logistics companies are the face of e-commerce companies today," he says.

"As an online retailer, there is no point investing hundreds of thousands of dollars on a great website experience enabling your customers to buy from you, if the delivery lets you down."

 

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