Last mile delivery platform HUBBED has received the backing of the Australian Business Growth Fund (ABGF) which acquired a 30 per cent voting interest in the Sydney-based company for $12 million.
ABGF said it made the investment after identifying the company’s “clear point of difference in the market”, specifically HUBBED’s pick-up drop-off (PUDO) model which allows customers to choose where and when they can receive parcels.
Founded in 2014 by CEO David McClean, HUBBED’s consumer collection networks are currently being utilised by major local and global carriers including Couriers Please, DHL, eBay, FedEx, Sendle, TOLL, TNT and UPS.
Read More: https://www.businessnewsaustralia.com/articles/australian-business-growth-fund-takes-stake-in-last-mile-delivery-platform-hubbed-for--12m.html