# Park N Parcel Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/park-n-parcel-pte

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.parknparcel.com.sg
- Total disclosed funding: $1M
- Latest round: Seed (Oct 11, 2019)
- Investors on record: 1

## About

Park N Parcel Pte. Ltd. offers innovative last-mile delivery solutions that enhance logistics for e-commerce and retail businesses in Singapore, ensuring efficient parcel management and swift customer service.Park N Parcel Pte. Ltd. was founded in 2017 and operates from Singapore. The company specializes in last-mile delivery services, providing a network of Parker Points for parcel collection. Founded by Bryan Toh and Cheong Keat, the company has undergone significant growth and received funding through 2 deals, with the most recent being a Seed round of USD 370 thousand on August 27, 2021, raising a total of USD 370 thousand to date. The company is currently valued at USD 8.99 mn.Park N Parcel specializes in last-mile delivery solutions aimed at optimizing logistics for businesses across Singapore. Their offerings include real-time tracking, automated notifications, and a wide network of Parker Points for parcel collection and delivery. This service meets the growing demands of e-commerce, ensuring timely deliveries within 1-3 working days. The company supports a diverse clientele, including e-commerce retailers and SMEs, enhancing their supply chain management through efficient fulfillment and warehousing.In 2023, Park N Parcel generated revenue of USD 2,744,468.10 with an EBITDA of USD -325,272.90. The revenue model is primarily based on B2B partnerships, offering cost-effective delivery solutions tailored for businesses, along with subscription-based models and transactional fees for individual deliveries.Park N Parcel aims to expand its services with the development of new logistics technologies and enhancements to its delivery network, targeting the Southeast Asian market for future growth. The funds raised in the Seed round will be utilized to support these initiatives, focusing on optimizing their delivery processes and potentially launching new features to improve customer experience. The company is poised for strategic growth as it looks to strengthen its position in both local and regional markets.

## Funding rounds

- Seed, Oct 11, 2019, $1M — TRIVE

## Investors

- TRIVE (https://capitalatlas.ai/funds/trive) — Seed