The market for express delivery is becoming increasingly crowded. This new actor, arive, promises delivery of high-end consumer goods in 30 minutes or less. For now, it is only available in the local market of Munich, Berlin, Frankfurt and Hamburg, alreadyhe had to close his first round of financing with 6 million euros.
The money from this round will be used to launch the startup’s expansion plans, something that can be seen before the end of the year. Investors in this round included: 468 Capital , La Famiglia VC and Balderton Capital.
Ardo Droege, 468 Capital Investor, said: “Our cities are dynamic, fast-moving places, and the people who live there want tools and services that reflect their lifestyle, so it’s no wonder the 15-minute grocery category has taken off so quickly. But facilitating on-demand delivery of high-end consumer items poses a different set of challenges. We trust that the Arive team will take care of this; We are already deeply impressed with the tenacity and courage they have shown. Furthermore, their understanding of consumer buying behavior means that they are well positioned to take advantage of the trends that will come to dominate the e-commerce industry in the post-Covid world. “
While most of the brands in this sector have focused on the delivery of groceries, arive has wanted to collaborate with high-end brands, among which you can find: apple, benefit, LEGO, bose or lululemon.