The UK-based e-commerce
platform James and James is here to stay and grow. This fulfilment service has
just acquired approximately €12 million to improve its market-leading,
software-enabled e-fulfilment proposition. This deal was concluded by LDC
Investment Director Chris Baker and Investment Manager James Garland. Following
it, Chris Baker and LDC’s Lawrence Dean will join the business as Non-Executive
Directors.
This firm offers online
order fulfilment to digital merchants. These services include storing
products, packing and shipping orders, and handling returns. Thanks to this, retailers
will be able to increase their sales volume, improve customer experience and
enhance the way they manage stock and inventory. While its operating bases are
in the UK, it also has clients from the USA and New Zealand. James and James
currently has more than 100 employees across the globe and its revenue has
grown by 50% pa to approximately €19 million.
Additionally, clients of this fulfilment platform can
complete orders from multiple channels and countries in one place. They can
also offer live order-tracking and benefit from data-rich reporting on
inventory and SKU performance. This information will help online merchants run
and grow their businesses more effectively. Since James and James
believe that “the logistics industry has generally been behind in its adoption
of technology”, this expansion should bring about new developments.
James
and James is expanding its business
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