When we talk about e-commerce logistics, we think of an industry controlled by entrenched players like Amazon, FedEx and national postal systems. At the start of the pandemic in 2019, a brave startup from Vancouver, BC decided to take on the incumbents with a new model — last-mile delivery using an Uber-esque network.
During the pandemic, the company, UniUni, managed to grow its business into the biggest last-mile delivery provider for fast fashion juggernaut Shein across North America. Its rapid growth drew investors’ attention, and today, UniUni announced the closing of CAD$100 million ($70 million) for the first tranche of its Series B financing.
UniUni expects to raise three more tranches for its Series B round by the end of 2023, the firm’s founder and CEO Peter Lu tells TechCrunch in an interview. Lu declines to disclose the target amount for the entire round but says it will be a “substantia...
