BOX NOW: It secures new investment for the expansion of the “smart lockers” network
Olympia Group's investment arm, PCP, acquires a minority stake in BOX NOW Group, while EMMA Capital remains a strong majority shareholder
BOX NOW Group secured a new investment by Olympia Group. More specifically, the investment was made through the investment arm PCP, with the aim of creating the largest network of Automatic Parcel Receiving Machines (lockers) in SE Europe, through the expansion of the company in markets additional to Greece, Croatia and Bulgaria, where it already maintains a presence. Thus, PCP acquires a minority stake in BOX NOW Group, while EMMA Capital remains a strong majority shareholder.
Olympia’s goal is, in collaboration with EMMA Capital Group and through the services offered by BOX NOW, to contribute to the promotion of a new model in the e-commerce market that utilizes modern logistics platforms, in order to empower the end user with new options for better and faster deliveries, at a time and place that facilitates and matches his lifestyle.
BOX NOW is a dynamically growing company that upgrades the consumer experience to the last mile, offering modern and automated parcel delivery and shipping services. Currently having a nationwide network of 1,200 lockers, having already served 200,000 customers in Greece, with a wide network of 400 cooperating e-shops, BOX NOW is an innovative and environmentally friendly company, which ensures easy and fast access 24/7 to Automatic Parcel Receiving Machines, combined with cash on delivery capabilities using debit and credit card and with 99% ability to deliver parcels on the same or the next day.
We invested in BOX NOW because it offers a unique service in the market that drastically changes the eCommerce experience, ensuring reliability and flexibility in the deliveries that the modern consumer is looking for. With a strong DNA in the retail and e-commerce market, at Olympia Group we are looking for partnerships with innovative platforms, such as BOX NOW, that put the focus on the exceptional customer experience and are a game changer in the market. We believe in the model and the talented team of BOX NOW and we support their vision for a new last mile service model built for the new era of retail & eCommerce”, said Robby Bourlas, on behalf of PCP and Olympia Group.
“We welcome the Olympia Group to the BOX NOW Group, joining forces with Emma Capital to further develop our service in all three countries. Our goal is to build the largest network of lockers, available in the retail and e-commerce market, but also in courier companies. We look forward to using the extensive experience of our new shareholders in the retail sector in the further strategic direction of the group.”, noted Tomas Kocka, (Partner of EMMA Capital).