
RedBox
Smart lockers to receive internet requests.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor | €0.0 | round | |
* | $7.0m | Series A | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 197 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
RedBox SA is a Saudi Arabian-based startup that offers a unique solution to the challenges of parcel delivery and collection. The company operates a network of smart lockers, known as RedBoxes, located in various strategic locations such as retail centers and residential complexes. These lockers serve as collection and return points for parcels, providing a convenient alternative to traditional home delivery.
RedBox's clients are primarily online shoppers and e-commerce businesses. The company's business model is centered on providing a more flexible and convenient delivery option. Instead of waiting at home for a delivery or coordinating with delivery drivers, customers can choose to have their parcels delivered to a nearby RedBox. They are then notified via a text message containing a unique code and the locker's location. The customer can collect their parcel at their convenience by entering the code or scanning the barcode at the locker.
The company also offers a return service for some merchants, adding another layer of convenience for online shoppers. If a customer finds an incorrect item in their locker, RedBox's customer service is readily available to resolve the issue.
RedBox makes money by charging e-commerce businesses for the use of their lockers. The company's services not only provide a solution to the logistical challenges of last-mile delivery but also offer a value-added service to e-commerce businesses looking to enhance their customer experience.
Keywords: Parcel Collection, Smart Lockers, Convenient Delivery, E-commerce, Online Shopping, Return Service, Customer Service, Last-Mile Delivery, Saudi Arabia, Startup.