Bucharest-based Innoship raises €550K to lead last-mile delivery for e-commerce in Romania and CEE

Romanian startup Innoship, the SaaS solution that enables e-commerce businesses to integrate and orchestrate multiple last-mile delivery options, has announced a seed investment from GapMinder VC. The investment of €550K comes just six months after the commercial launch of its solution.

Founded in 2019, Innoship is an aggregator of multiple fast delivery options for retail and e-commerce companies. Its platform democratizes access to advanced technology for retailers of all sizes, helping them to efficiently manage their courier contracts, and offer customers multiple delivery options and shipping services, at a minimal cost. Overall, Innoship streamlines the costs of courier services by up to 25%, and increases delivery performance by up to 15%.

Innoship implemented its solution for its first customers at the beginning of 2020 and currently manages approximately 20,000 daily orders. The Innoship solution can be integrated with all large e-commerce platforms, warehouse management systems, ERP (enterprise resource planning), fulfillment and marketplaces active in Romania and regionally. So far its client portfolio includes well-known names in the local e-commerce and distribution ecosystem, such as Miniprix, Kalapod, OLX, Depanero, Network One Distribution, Dentstore, Oralix, Topline, xpertbeauty.ro, Arco Expert, Algernon, green-future.ro, mezoni.ro, Generalmotor, and many others.

Founding partners – Daniel Nicolae, Andrei Paul, Dan Ungureanu and Robert Tănase – have long experience in companies such as Orange, Penny and Urgent Cargus. Cătălin Grigorescu, a well-known lawyer specialized in technology in the region, joined the team in 2020, as an investor and strategy and business advisor.

Daniel Nicolae, CEO and co-founder of Innoship, stated: “Consumer demand for multiple delivery options and better quality of shipping services poses huge challenges for retailers and ecommerce companies to manage the last-mile delivery efficiently. We created the Innoship platform as an advanced aggregator and orchestrator of multiple last-mile delivery options to help ecommerce businesses gain consumer confidence, increase conversions, and drive repeat buying by building loyalty. Most importantly, Innoship is fast and easy to adopt by retailers and ecommerce companies, being, one the one hand, integrated with all delivery companies and, on the other hand, with the most important ecommerce platforms, ERP, WMS, already used in existing processes.”

The startup’s recent seed round will be used to accelerate the growth of Innoship adoption among retailers in the Romanian market and boost its first steps towards internationalization, all the while speeding up the development of new functionalities on its platform. 

Cosmin Ochișor, Partner at GapMinder Venture Partners, said: ”By using Innoship, online retailers can benefit of a machine-learning powered solution which fits their current workflow, a solution that is very easy to integrate and creates immediate benefits by both boosting the customer satisfaction and optimizing the shipping related costs. The €550K seed round for Innoship is a new step in implementing our investment strategy focusing on companies that immediately and pragmatically use technology to optimize existing business models.”

EU-Startups

Form D Friday: Cotton biotech, mobile banking companies lead $29M fundraise – Boston Business Journal

Form D Friday: Cotton biotech, mobile banking companies lead $ 29M fundraise  Boston Business Journal
“startups when:1d” – Google News

A Digital Masterstroke—Will Emergency Measures Lead To Long-Term Government Investment In U.K. Tech Startups? – Forbes

A Digital Masterstroke—Will Emergency Measures Lead To Long-Term Government Investment In U.K. Tech Startups?  Forbes
“startups when:1d” – Google News

Revelations on the trail lead to entrepreneurial ventures for Spokane startup NOBO Pets – Pacific Northwest Inlander

Revelations on the trail lead to entrepreneurial ventures for Spokane startup NOBO Pets  Pacific Northwest Inlander
“startups when:1d” – Google News

Cali-based VC firm Accel empowers Israeli cloud-security startup’s run for market lead – Geektime

Cali-based VC firm Accel empowers Israeli cloud-security startup’s run for market lead  Geektime
“startups when:1d” – Google News

leAD Partners with Stradigi AI to Provide Cutting Edge AI Technology to Sports and Health Tech Startups in Lake Nona – PR Web

leAD Partners with Stradigi AI to Provide Cutting Edge AI Technology to Sports and Health Tech Startups in Lake Nona  PR Web
“startups when:1d” – Google News

Wearable tech company launches crowdfunding campaign for baby monitoring – The Lead South Australia

Wearable tech company launches crowdfunding campaign for baby monitoring  The Lead South Australia
“startups when:1d” – Google News

3 Core Objectives to Help You Lead Your Startup Through the Pandemic

Navigating through a global pandemic is something that no entrepreneur can prepare themselves for. Past experiences and successes go out the window once uncertainty hits and we are forced to make quick, unprecedented and ultimately risky decisions.

As a founder and CEO myself, production of our flagship device was just beginning as the world came to a sudden pause. With factories shutting down and the economy in flux, it seemed as though the new business was set up for failure.

Despite the grim outlook, a strategic pivot to the business model and quick innovation of a new product saved the company from collapsing. Just a few short months later, Airzai is flourishing, creating new jobs and products to aid in the adjustment to a new normal.

Throughout this experience, I’ve learned more about leadership than I would have ever imagined. This all came from maintaining a single objective, constant internal communication and staying optimistic in the midst of chaos.


StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here

Persistent communication

Collaboration is something we all took for granted before the pandemic. It was simple to just stop by someone’s desk to discuss things in the office in real time. In adjusting to the entirely different ecosystem that is remote work, it’s essential to get your entire team on the same page in terms of communication expectations. This means laying out the preferred platforms, turn-around time for responses and more.

Be proactive in your communication with your team and encourage them to do the same with each other. It’s crucial for the lines of communication to be open at all times and to be as transparent as possible. Remind your team to always include all necessary team members on emails, daily updates and other communication channels.


Related: 5 Tips for Creating a Customer Communication Strategy During the Pandemic

Positive mindset

It’s easy to get discouraged about the unpredictable future. Although the economy is unstable, it’s important to remember that some of the best startups and companies began during an economic recession. Now is the time to negotiate deals. This “nothing to lose” mentality will become your strength!

It’s also important to be cognizant of the stress and burnout that your employees might be feeling from dealing with the uncertainty of the world. Checking in with employees individually and offering your assistance and positive outlook can go a long way.


Sign Up: Receive the StartupNation newsletter!

Define one main objective

Our company built its success through a global emergency by identifying one key objective to focus on. For us, this was preserving as many jobs as possible within our team. All of our strategies, plans and executions revolved around this goal and we would not have survived as a company without this inclusive, collaborative mindset.

As the pandemic began to become our reality, we knew that tough times would follow for people and organizations across the globe. As a young, growing business entering this time of uncertainty, it is vital to decide on one overarching objective to focus on. Embrace this goal in everything you do, and you will likely prevail.

The bottom line for startups

At the end of the day, collaboration, communication and a growth mindset are what will set you apart and ultimately help your business establish a strong foundation. With these core intentions, you’ll set your business up in the best possible position to weather any kind of storm that may arise.

There will always be times of ambiguity and shifts in societal norms. I truly believe that these core objectives are what allowed us to continue succeeding during these tough times and can help you to do the same. We will continue to implement them, no matter what the future holds.

The post 3 Core Objectives to Help You Lead Your Startup Through the Pandemic appeared first on StartupNation.

StartupNation