ZITICITY is a Lithuania-based startup founded in 2017. The company's mission is to address the challenge of providing fast and efficient package delivery in European cities, where a significant 80% of e-commerce businesses are unable to offer same-day deliveries. This results in a high 25% cart abandonment rate, leading to revenue loss. However, ZITICITY has introduced a disruptive solution. Leveraging a crowd-sourced delivery fleet network, the company offers a remarkable average delivery time of 42 minutes, outpacing even Amazon Prime. This has significant implications for the e-commerce and logistics industries, as it effectively meets the rising consumer expectations and reduces cart abandonment. ZITICITY recently secured a €775.00K Venture Round investment on 27 January 2022 from Startup Wise Guys, demonstrating investor confidence in its innovative approach. With its focus on enhancing customer experience and optimizing logistics, ZITICITY is well-positioned to make a strong impact in the European delivery market.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | €775.00K | 1 | 27 Jan 2022 | |
Seed Round | €2.20M | 5 | 30 Jun 2020 | |
Seed Round | €315.00K | 4 | Mikko Silventola | 03 Jul 2019 |
Pre Seed Round | $15.00K | 1 | 10 Feb 2019 | |
Pre Seed Round | $25.00K | 1 | 14 Jan 2019 |
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