Instabox enters the Netherlands, with acquisition of Red je Pakketje
Combination of parcel lockers and home delivery set to disrupt the Dutch market
- Acquisition of Red je Pakketje, Dutch market leader in same day deliveries
- Acquisition follows €75m series B fund raise in February 2021
- Instabox growing at over 300 per cent year on year
- Plans to install around 3,000 lockers across the Netherlands in the next 2 years - an estimated 1400% increase on current locker proliferation
Stockholm, Sweden - 20 May 2021 -- Instabox, a next-gen technology company transforming last-mile deliveries for e-commerce, is entering the Dutch market through the acquisition of Red je Pakketje, the Dutch market leader in same day deliveries. The acquisition gives Instabox a complete and frictionless last mile delivery solution, with home delivery, parcel locker delivery, label-free returns and flexibility to change destination during the delivery.
Founded in 2015 in Stockholm, Instabox operates one of the widest locker networks in the Nordics. With partners such as H&M and IKEA, Instabox delivers e-commerce goods to millions of consumers, mainly through lockers but also direct to the front door via emission-free bike deliveries.
Instabox has been growing by more than 300 per cent annually, making it one of the fastest growing companies in Europe. Entering the Dutch market follows a 75 million Euro funding raise earlier this year, led by investor EQT Ventures.
The acquisition of Red je Pakketje, will accelerate Instabox’s mission to revolutionise last-mile deliveries. Red je Pakketje has more than doubled in size each year for five consecutive years and is the Dutch market leader in same day deliveries. The acquisition will offer a complete solution to consumers and merchants, by providing both locker and home delivery options. Both companies share a relentless focus on improving consumer experience and developing a sustainable, completely fossil-free parcel delivery service.
Alexis Priftis, CEO and founder of Instabox:
“When we researched the Dutch market we quickly saw that Red je Pakketje have done an amazing job in creating a premium, same-day shipping service that consumers love. I’m especially excited about working with the team since they share our consumer obsession and our passion for making deliveries green.”
Sam Rohn, founder of Red je Pakketje:
"This acquisition will enable us to further speed up our growth and offer the fastest most complete delivery solution on the market, whether the customer chooses to receive their parcel at home or to a locker. We know that 77% per cent of consumers have abandoned a shopping cart due to a lack of preferred delivery options. We hope to be able to fix that and change an industry that has been shaped by traditional postal companies."
Locker deliveries is a general trend across Europe with countries like Poland and Germany having 10-30 lockers per 100 000 inhabitants. With only a few hundred lockers in total in the Netherlands, and less than 2 lockers per 100 000 inhabitants there is significant untapped potential. Instabox’s planned expansion in the Netherlands will see it leapfrog many countries, not only in locker proliferation - but also in the quality of the technology.
Rohn commented: “Instabox has already shown that it can truly disrupt a market, having taken a huge market share from the traditional players in the Nordics. Not only by offering better, consumer focused services, but also by applying technology that enables precise delivery slots - at the point of purchase. Becoming part of Instabox will help us to complete our journey and achieve the same dominance here in the Netherlands, as well as expand into other territories.’
The acquisition was closed in mid April. The financial details are not disclosed. The founders will stay with the new company, and will reinvest parts of their proceeds into Instabox. The roll-out of lockers is set to start next month, and merchants will be able to start to ship to lockers during the summer.
Instabox tilbyr enkel og rask levering gjennom smarte oppbevaringsskap. Selskapet leverer logistikktjenester til flere av Nordens største e-handelsaktører som H&M, IKEA og Boozt.com. Instabox kan levere samme dag som bestillingen finner sted til mer enn ti millioner svensker, og nå også kunder i Norge og Danmark. Virksomheten ble stiftet i 2015 av Alexis Priftis, Johan Lundin og Staffan Gabrielsson. Les mer på www.instabox.no