Lithuanian start-up Ziticity has closed a €2.2 million seed equity investment round.
The round was led by NordicNinja VC (FIN) in participation with Superhero Capital VC (FIN), Practica Capital (LT), Superangel VC (EE), Startup Wise Guys (EE) and business angel Maksim Golivkin (USA).
According Ziticity data, 60% of last-mile deliveries are within a five-kilometre radius from pickup to the drop-off location
Short delivery distances widen the possibility for couriers to use any means of transportation including cars, bicycles, e-scooters, etc.
Since the launch, Ziticity have been a success in France and the Baltics, used by over 2700 companies like Telia, Tele2, Pizza Hut, and Euroapotecha pharmacies’ network.
Average delivery time is 42 minutes and proper routes’ optimisation lets couriers complete 4-6 deliveries per hour.
This keeps prices affordable to the shopper, while couriers can earn +15% more per hour than in competing platforms.