ParcelPal is a growing tech company that is starting to get some traction lately, and did a soft launch in Vancouver earlier in the year.
What ParcelPal does is match consumers with goods to get delivered with freelance couriers.
Imagine this scenario:
Person A: You are at home and desperately need to get an item delivered to your house today, but don’t have access to a car or don’t want to waste the time to go all the way downtown and back home. There is no same day delivery services available so you reach out to ParcelPal and place the order for delivery, which is cheaper that most methods of delivery.
Person B: You are just about done work and are planning on driving home from downtown. You turn on your phone to see what’s available for delivery in your area to make some quick cash. You see that the store across the street has a package to get delivered to someone in your neighborhood. You accept this delivery and pick up the package and drop off on the way home and collect some money for your time (80% of what the customer pays you keep, it is usually a fixed rate + km).
Couriers can be either people walking, biking or driving a car.
Some stats based on their launch in Vancouver:
- Week over week growth of 115%
- Delivered approximately 150,000 packages since mid-November
- Signed a work order contract with Amazon to fulfill package delivery
Currently they offer the service for:
- Restaurants (over 100 in Vancouver)
- Medical Cannabis
- Retailer that uses e-commerce software such as (Shopify, WooCommerce, etc)
Currently it has launched only in Vancouver as they develop the platform, (debugging and get more features) and also expand more option for delivery. They plan on rolling out the service to other locations across Canada in the coming months.
Shares coming free tradings soon:
Feb 25th – 13.5 Million shares (@ $0.05) & 6.75 Million Warrants (@0.075)
April 16th – 12.1 Million shares (@ 0.135) & 12.1 Million Warrants at ($0.20)
The market for delivery services is huge and for food delivery alone it is $6 Billion (in Canada). If they successfully develop their platform and execute launches into other markets this has huge potential.
Fortune Favours the Bold
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