Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:


  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Delivery startup Bringg used this pitch deck to raise $30 million from the likes of Salesforce and Siemens' Next47

Published by Business Insider on Sat, 09 Jan 2021

<p><img src="https://static4.businessinsider.com/image/5eafbfbf5f726e520d43a343-1148/guy infront of bringg sign.jpeg" border="0" alt="Guy infront of Bringg sign" data-mce-source="Bringg" data-mce-caption="Bringg CEO Guy Bloch"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li>Delivery software startup Bringg raised more than $30 million in a fundraising round backed by Salesforce and Siemens' investment wing Next47.&nbsp;</li><li>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.&nbsp;</li><li>Bringg's customers are among the biggest companies in the world, including McDonald's and Walmart.&nbsp;</li><li>CEO Guy Bloch said some of Bringg's clients had reported an 800% surge in online deliveries.&nbsp;&nbsp;</li><li>We got an exclusive look at the pitch deck he used to bring investors on board.&nbsp;</li><li><a href="https://www.businessinsider.com/'hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul><p>Bringg, the Israeli delivery software startup, raked in more than $30 million in a fundraising round backed by the likes of Salesforce and Next47, the investment arm of Siemens.&nbsp;</p><p>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.&nbsp;</p><p>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.&nbsp;&nbsp;</p><p>As COVID-19 puts paid to high-street shopping, CEO Guy Bloch told Business Insider he had seen a surge in demand for online deliverieswith some clients reporting an 800% jump month-on-month.&nbsp;</p><p>Amazon recently revealed its first-quarter sales had <a href="https://markets.businessinsider.com/news/stocks/amazon-q1-earnings-preview-deliveries-revenue-surge-covid-lockdowns-stock-2020-4-1029150052">jumped 26%</a> to $75.5 billion, with Bank of America analysts describing the wider sector as <a href="https://markets.businessinsider.com/news/stocks/amazon-q1-earnings-preview-deliveries-revenue-surge-covid-lockdowns-stock-2020-4-1029150052">"on fire"</a>.&nbsp;&nbsp;</p><p>Failure to pivot to online deliveries has proven lethal to some firms, with the UK discount clothing store Primark's monthly sales <a href="https://markets.businessinsider.com/news/stocks/primarks-monthly-sales-nosedive-from-%C2%A3650m-to-zero-8765292">nosediving</a> from 650 million to 0.&nbsp;</p><p>"As we slowly became more aware of the ways coronavirus was going to impact us, it really only gave our investors more reason to get involved," said Bloch.&nbsp;</p><p>"The total switch to online has been coming for a while, but we are seeing that accelerated right now."&nbsp;</p><p>We got an exclusive look at the pitch deck Bringg used to bring Salesforce and Next47 on board:&nbsp;</p><img src="https://static1.businessinsider.com/image/5ea6b283f242ab774d2718c4-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b297a2fd916f3767d387-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b2aef242ab775b560296-400-300/.jpg" alt="" /><br/><br/><img src="https://static2.businessinsider.com/image/5ea6b2d5f242ab77b33766f4-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b2e2a34b3c715d4b4f53-400-300/.jpg" alt="" /><br/><br/><img src="https://static4.businessinsider.com/image/5ea6b300d553f8698808b148-400-300/.jpg" alt="" /><br/><br/><img src="https://static5.businessinsider.com/image/5ea6b30b4bca6376d46457e2-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5ea6b316f242ab77c464c473-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5ea6b322f242ab77c67a7b73-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b32ff242ab77c464c474-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5ea6b33da2fd916f8b60b0c7-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b3624bca6377073c76b4-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5ea6b3854bca63770c728246-400-300/.jpg" alt="" /><br/><br/><img src="https://static3.businessinsider.com/image/5ea6b3934bca6377364f0ec3-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5ea6b3a04bca6377364f0ec4-400-300/.jpg" alt="" /><br/><br/><img src="https://static2.businessinsider.com/image/5ea6b3adf242ab77c67a7b77-400-300/.jpg" alt="" /><br/><br/><img src="https://static1.businessinsider.com/image/5ea6b3b9a2fd916f8b60b0cc-400-300/.jpg" alt="" /><br/><br/><img src="https://static5.businessinsider.com/image/5ea6b3df4bca6377557546e5-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b3eef242ab77c67a7b7a-400-300/.jpg" alt="" /><br/><br/><img src="https://static2.businessinsider.com/image/5ea6b3fa4bca63775e1d7953-400-300/.jpg" alt="" /><br/><br/><img src="https://static4.businessinsider.com/image/5ea6b407e61f3474231fbe84-400-300/.jpg" alt="" /><br/><br/><img src="https://static3.businessinsider.com/image/5ea6b4135bd7a56161241933-400-300/.jpg" alt="" /><br/><br/><img src="https://static4.businessinsider.com/image/5ea6b422e61f347434570f93-400-300/.jpg" alt="" /><br/><br/><img src="https://static6.businessinsider.com/image/5ea6b4400fc63967ea072db3-400-300/.jpg" alt="" /><br/><br/>
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs