OnBuy and Hermes announce online delivery tie up
UK-based online marketplace, OnBuy, has added delivery services big hitter Hermes to its platform.
Mark Lister, CCO at OnBuy, comments, “Working with a household name like Hermes will be pivotal as we continue to grow and lay down the gauntlet to the industry giants who currently dominate the field.”
“Learnings from the last two years show that the sector will continue to grow, with demand increasing more than ever.”
“It is vital that we can facilitate this demand with a seamless and trusted end to end service - which is made ever stronger with this partnership.”
Claire Phelan, Head of E-commerce Partnerships at Hermes UK, comments: “There has been significant upward trend in the volume of parcels entering the Hermes network from marketplaces such as OnBuy.”
“The growth has been accelerated through the pandemic as a result of changing consumer shopping preferences and an increase in startup businesses and merchants choosing to sell through marketplaces.”
“We are making it easier, cheaper and more convenient for these businesses using marketplaces to access the Hermes services whilst helping them to save time and money.”
“We are here to challenge the status quo”
The partnership closely follows OnBuy bagging £35 million in Series A+ funding through VC and strategic technology investors.
Cas Paton, Founder and CEO, said when the round was announced: "The global e-commerce market is expected to total $4.2 trillion by the end of 2021, a figure that is set to grow even more over the next few years.”
“However it's alarming to see that the industry is still following the same detrimental and unfair marketplace model that has existed for years.”
“I created OnBuy to provide something unique: a clear, level playing field – and in our four years of rapid growth, it's clear to see that this is a model that works to everyone's advantage.”
He added: "This investment will allow us to unlock even more potential and take OnBuy to the next level with an even better, easier to use product than ever before.”
“We've made it this far with the help of our early angels, amazing team, trusted retailers and of course all of our amazing customers, but we're not nearly done yet. We're here to make noise, challenge the status quo and change the digital marketplace landscape forever."
