GeoPost acquires supply startup Stuart
GeoPost, the global subsidiary of the French Groupe La Poste, has received “last-mile” supply startup Stuart.
Terms of the deal stay undisclosed, regardless that it must be famous that GeoPost already held a 22 according to cent stake within the French startup, having led its €22 million Series A spherical in past due 2015 ahead of the corporate had even introduced.
Founded the similar 12 months through Clement Benoit (who prior to now based eating place supply provider Resto-In), and Benjamin Chemla (co-founder and prior to now CEO of Citycake.fr, which Resto-In received in past due 2014), Stuart got down to disrupt last-mile logistics with higher generation and a fleet of couriers to permit traders to provide consumers same-hour supply.
It does this throughout the Stuart internet and cell app and by the use of an API that implies traders of any measurement, together with primary chains, can construct the provider into their current consumer-facing choices.
The concept used to be to provide one thing comparable to Amazon Prime Now for native shops and traders. But not like Amazon, Stuart doesn’t must deal with handing over items from out of the town warehouses or logistics hubs however is just specializing in the last-mile and handing over items from inside of a town.
Also of observe, the startup gives a couple of modes of transportation, from pushbikes, motorbikes to trucks, so it could supply other measurement programs.
Operating in France, U.Okay., and Spain, the corporate says it facilitates “thousands” of deliveries according to day for greater than 500 consumers, together with Carrefour, Franprix, Burger King, The Kooples, Pizza Hut, and Cdiscount.
In July final 12 months, Stuart additionally signed a partnership with Just Eat in France to let the take-out market’s eating place companions outsource supply, despite the fact that that doesn’t even get a point out in nowadays’s accompanying press unlock, so make of that what you are going to.
Paul-Marie Chavanne, GeoPost’s CEO, says in a observation: “This decision logically follows our investments in Stuart over the past 2 years. Stuart completes our delivery service at a local level and embodies the future of express urban delivery, a rapidly expanding strategic activity for us.”
Stuart founders Benoît and Chemla upload: “We are extremely proud of the journey that we and our more than 100 employees have taken over the last two years. GeoPost’s acquisition will enable Stuart to maximise its potential and become the leading player in last mile delivery in Europe.”
Meanwhile, GeoPost says the purchase of Stuart will “cement” its place as a number one supplier of categorical city supply all the way through Europe. “Stuart adds the final piece in the delivery value chain formed by GeoPost subsidiaries Chronopost, DPD, SEUR and Pickup,” the French corporate notes.
I’m additionally advised that Stuart will stay an unbiased logo and GeoPost subsidiary, and that Damien Bon, COO at Stuart, is being promoted as CEO of Stuart.
In addition, Diego Magdelénat and Paul-Ambroise, the founders of Pickup, a startup specialising in choice supply which GeoPost received in 2009, will co-chair Stuart.
“Stuart’s co-founders will ensure a smooth transition over the next few months,” says GeoPost, which, I additionally suspect is a coded method of claiming they aren’t sticking round for too lengthy post-acquisition.