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To date, Barringg has raised $ 83.8 million to meet the growing need of large and small organizations around the world in forwarding systems. The company has two global branches in London and Chicago with about 50 employees. Bringg’s development center in Tel Aviv, which has about 110 employees, is expected to expand significantly in 2020 and recruit staff and women development, product management and Customer Success.
Managing Director Bering Guy Bloch Photo: Oral Cohen
“The round is not a response to current demand, but the result of a long relationship with the Viola Foundation,” says Bringg CEO Calcalist Guy Bloch. Bloch adds that the Corona eruption has accelerated processes for the company, which was expecting to reach its current activity levels only in 2022, and only in the last week. Its at 24%.
“Many businesses around the world find it difficult to build logistics and shipment management solutions that can be expanded rapidly as demand grows and connect to outside delivery services that are not part of the business mission. Bringg’s platform enables businesses to have a single interface that controls all shipping and ordering phases whether they use a messenger fleet. Of the company or external body. The current recruitment will enable the company to expand its operations with huge organizations, to develop in the small and medium business segment and to expand the manpower that will support these steps. ”
About the Corona crisis, Bloch said: “We have customers in some areas experiencing decline, such as furniture companies, but other areas such as restaurants – demand for huge deliveries, some reaching 900-800% increase in shipments. Popular a month ago, such as picking up home delivery, have become key. We work a lot around existing customers and tactical developments to help them get started in a new segment. But the real mission – and it’s a long process – is to bring the world of fast and convenient shipping to the market – available from the smallest business To the biggest business.
“One of the problems of a lot of restaurants is that they don’t have their own delivery system so they have no choice but to use an external delivery system. This means that they also lost the customer, their data and their relationship with them. So last week we put out a product that takes the capabilities of our system as a free product to market and we have hundreds of newcomers. They can convert workers or people who are not employed to be drivers and make deliveries. ” Bloch noted that the company’s basic product is currently offered for free but it will raise money for using premium capabilities.
Asked about the company’s conduct during the Corona days, he told Calcalist: “Everyone works from home. The task we took on is very big, there is tremendous need in the market and we should appreciate it best. This mission causes a lot of company focus, there is a sense of mission and the current recruitment gives people a feel Of strength. And in that sense there is not much disturbance.
Regarding another hiring, Bloch explained that the company chose the cautious approach: “Right now we are careful, do not want to grow too much, but there is a lot of talent out there because of the cuts in other companies and we get dozens of inquiries. Some people are routinely difficult to recruit in the market. We wanted to recruit dozens of new employees and stop it to understand what’s going on and grow with the wave, but the company’s human base is very large, it’s just adding manpower and not making massive changes to the structure of the company. ”
Food delivery Photo: Shatterstock
Eran Westman Partner at Viola Growth Message: “We live in a new world of ‘Delivery Economy’ where brands can’t afford not to bring the kind of solutions offered by Bringg. Our belief in market potential and pre-corona society have been validated even after the epidemic broke, and we believe that the platform Mission management and logistics will be the new norm for businesses of any size in the near and distant future. ”
