Italian premium delivery startup Cosaporto has raised €1.8 million in a new funding round. The startup has already established premium retail partners such as London-based Peggy Porschen, Unico Gelato, NIO Cocktails and Maison Samadi, and will use the fresh funding to further its UK expansion.
Founded in 2017, Cosaporto is a home delivery service bringing users goods from upmarket and premium shops in Rome, Milan, Turin, Bologna and London. The startup carefully selects the best independent shops, producers and artisans, delivered direct to the user’s doorstep within hours of ordering. The service can be used to send beautiful gifts, or for events, as well as surprises. Currently Cosaporto operates in several Italian cities, including Rome, Milan, Turin and Bologna, and last year it launched a London branch of the business.
The startup’s ‘bundling’ service allows goods from multiple high-end retailers to be delivered at the same time. Cosaporto additionally prides itself on its approach to minimising environmental impact, with Italian delivery drivers using its own fleet of electric delivery vehicles.
In Italy the brand is working alongside Michelin starred establishments, chefs and brands to become a recognisable and respected delivery name. Besides expansion in London, Cosaporto is also eyeing up expansion in Paris, which will be the next city outside of Italy to welcome the service.
Founder and CEO of Cosaporto, Stefano Manili commented: “This past year Cosaporto has gone from strength to strength in Italy, with the business seeing a 600% increase in orders year on year, along with a 30% rise in the average spend of each customer. COVID-19 has meant a complete re-shaping of the delivery market which has allowed us to really thrive and cement our brand amongst the public. This new capital will allow us to turn our attention to the UK arm of our business and inject cash where needed to foster the same growth we’ve seen in Italy. Not only are we looking to grow our customer base, but to double the number of carefully selected partner stores from 35 to 70 in London by the end of the year. Being backed by a new investor with strong credentials brings a huge amount of confidence and we look forward to realising our strong growth potential.”