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Successfully funded
overfunded
Parcel2Go
  • Equity
211%
Raised
£1,057,730
Investors
1308
Target
£500,000
Equity
2.58%
Pre-money valuation
£40,000,000

The UK’s leading parcel delivery comparison website, Parcel2Go offers a cheap alternative to the Post Office, especially for small eBay & Amazon sellers. With over 800,000 customers, P2G had revenue of £56m in 2016/17 with underlying EBIT of £1.9m and has grown at 25% in the first half of this year.

  • Fast-growing industry leader in £1.5bn consumer/small business market
  • Targeting an audience of 12m parcel senders who use the Post Office
  • Offers customers significant savings, more choice and convenience
  • Generated cash returns to shareholders of over £12m in last 5 years

Idea

In the UK over 12 million consumers and small businesses queue up at their local Post Office to send parcels, spending over £1.5bn pa. Parcel2Go offers these customers the opportunity to instead book online, thereby saving money. e.g. a 1kg parcel sent within the UK, costs £2.39 compared to £2.90 at the Post Office.

Our 800,000 customers also avoid queues and take advantage of the wide range of service options available from over 20 national and international carriers, who between them have more drop shops than even the Post Office. Unlike many comparison sites, the customer stays within the P2G website at all times. Their contract is with P2G, payment is made to P2G & all service issues are addressed by P2G.

Our customers spend an average of £73 a year with P2G, meaning that our low cost per acquisition is a core competitive requirement. This is a result of our scale: P2G is more than twice the size of any other parcel comparison site.

In the last two years, P2G has created a second business model targeting a different, often brand-loyal, customer segment that has the same group of needs: offering a white label service to carriers who wish to offer ‘own brand’ solutions. Carriers using this service include UPS, TNT, Yodel, Hermes & DPD.

P2G provides a cost efficient channel for carriers, managing all aspects of the website service such as 24/7 customer service & fraud management.

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Parcel2Go

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Successfully Invested
£689m+
Registered Investors
868k+