A start-up offering automation software to manage delivery has raised $144 million in its first funding round as the COVID-19 pandemic turbocharges the sector.
DispatchTrack helps retailers and other companies to coordinate their delivery operation across channels and drivers. The platform includes self-scheduling tools that take account of apacity, route optimisation, customer communications, tracking links, mobile application, billing and real-time fleet visibility.
Satish Natarajan, CEO of DispatchTrack, said: “We built DispatchTrack to help businesses large and small provide superior delivery experiences, streamline operations and maintain coordination and transparency across all constituents in the last-mile.
“With Spectrum’s support, we will continue our rapid pace of innovation and bring best-in-class solutions to more businesses, industries and geographies.”
Salesforce and other investors recently increased their investment in delivery orchestration platform Bringg as it reported a dramatic surge in business during the coronavirus pandemic. Bringg is reporting considerable growth, with deliveries rising 77% over the first week of April. Grocery had seen an 80% growth in deliveries over the last 30 days compared to the previous period, rising to 113% in the last seven days.
The funding round of $30 million, which brings the company’s total funding to over $83 million, also included Viola Growth, OG Tech Ventures, Next47 and GLP.
In Sweden, Instabox and Ingrid, which both focus on ecommerce, also announced new funding rounds back in April.