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Machine learning company nets £8 million to disrupt last mile delivery

A company looking to introduce machine learning to last-mile delivery has received a further £8 million in funding.

On the dot, which works with retailers including ASOS and Wickes, received the funding from owner CitySprint Group.

It said it plans to invest the money in product development and international expansion.

On the dot has also used the funding to appoint chief revenue officer Ben Nowlan, former CEO of last-mile delivery company Sherpa.

In addition, it has hired a new technical director, Taher Khaliq, who was previously director of eCommerce platform for PhotoBox.

Founded in 2015, On the dot provides an online retailer portal or API which allows customers to select the most convenient time window. Online sellers can integrate the technology with their existing apps and sales platforms.

Since its inception it has received £17.7 million in funding and has netted £4 million in revenues so far this year.

Santosh Sahu, CEO at On the dot, said: “The delivery market is a tough one. UberRush left the sector in March and despite significant funding being provided for numerous start-ups in this space, they have struggled to achieve scale.

“Achieving the combination of scale and market traction in the dynamic market of on-demand delivery, whilst delivering a great customer experience, has proven difficult for many, large and small. Born out of CitySprint Group, our heritage in the delivery space means we’re uniquely placed to win.

“While our rivals are using data gained from pilots and early stage commercial activities, On the dot enters with decades of expertise in managing final mile collections and deliveries, more than 10 years’ worth of delivery data, and national and local scale through a fleet of more than 5,000 couriers. The additional £8 million in funding means we can more aggressively hone our already unrivalled offering and focus on international expansion. The UK is just the beginning.”

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