E-commerce start-up Parcelninja, which provides cloud-based warehousing and delivery solutions in South Africa, has attracted a R20 million investment from C5 Holdings.
C5 Holdings is the parent company of C5 Capital, the London-based specialist data and cyber security fund manager. Parcelninja is a Gauteng-based e-commerce solutions company which offers a full suite of services to South African online shops.
Parcelninja's latest cash injection will be used to grow its operations in SA, and increase the number of companies it serves.
Started in 2013 by Justin Drennan, Ryan Drennan, and Terence Murphy, Parcelninja launched its first commercial services in October 2014. The three entrepreneurs previously launched companies such WantItAll, helping to grow Superbalist - which it sold to Takealot - and partnering with Makro to handle a large part of the company's e-commerce needs.
The services offered by Parcelninja include integration into existing e-commerce engines, product warehousing, picking and packing, delivery, and reporting.
Parcelninja says its services can be used by online shops, which can outsource most of their e-commerce needs to the local company. "E-commerce is growing in South Africa, and Parcelninja is there to assist online shopping companies by removing the most expensive and time-consuming parts of the business," said Drennan.
"Parcelninja offers online shops the benefits of a large-scale e-commerce operation, which drives down costs and provides better service levels," he said.
Parcelninja is already providing e-commerce services to several local online shops, including Superbalist, WantItAll, Grabit, DCStore, Juniva, Action Gear, Kids Emporium and Flook.
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