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Wednesday, June 29, 2022

Who said crisis? Lockdowns boost Ziticity to 8-fold growth

Lithuanian same-day delivery startup Ziticity said it saw last year rapid growth in its all three markets – Lithuania, Estonia and France – with yearly revenue increasing eight times.

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Reacting to the spread of the coronavirus Ziticity introduced in spring its delivery services to e-commerce similarity to its Finnish peer Wolt, which raised $530 million this week.

“Considering the rocketing growth of the e-tailing, active business digitalisation and shoppers’ transition into internet buying, we decided to expand the scope of Ziticity activities,” CEO Laimonas Noreika said in a statement.

The innovative urban delivery solution is used by companies like Telia, Audimas, Douglas or Eurovaistine. In September 2020, Ziticity entered into a partnership with Pigu Group, the biggest e-tailing player in the Baltics market, and began providing same-day deliveries to pigu.lt clients in Lithuania as well as to Kaup24.ee – Estonia.

“In 2020 our couriers’ network doubled, compared to 2019. Through the past year, the couriers’ earnings on our platform exceeded €1.1 million. We aimed to help not only merchants to keep their companies afloat but also to support those who lost the source of secure income,” said CEO Noreika.

In June 2020 Ziticity raised 2.2 million euros seed investment for future growth, expanding to seven additional cities: Lyon, Bordeaux (France), Siauliai, Panevezys, Alytus, Marijampole and Druskininkai (Lithuania).

During 2021, Ziticity plans to expand its geographical presence in Estonia by adding two new cities, to launch deliveries in nine more French cities and enter three new regional cities in Lithuania.

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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