$32m for Niche Last Mile Delivery Business Model
Source: VC News Daily
The Signal: A mail delivery startup called Fetch landed $18m in Series B funding recently to address a surprisingly lucrative challenge: delivering packages to apartments.
Fetch is the world’s 1st last-mile delivery company focused exclusively on managing packages for apartment buildings. Rather than being piled in the leasing office, residents’ parcels are dropped at a Fetch warehouse, a notification goes out, and recipients use the Fetch app to schedule a drop-off at their door from one of Fetch’s drivers.
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