BeeFast exceeded EUR 250,000 euro turnover during the first 9 months of 2020

Aurel Constantin 03/11/2020 | 14:10

One year after the first order, BeeFast, tech start-up initially focused on the super-fast eco-friendly courier segment who has expanded its business to integrated services to move businesses from offline to online, records 350 daily orders from over 150 customers. The first 9 months of the year generated a turnover of EUR 250,000, and the founders expect to reach EUR 400,000 as total business for this year.

BeeFast, a start-up founded by 4 entrepreneurs, started as a solution for super fast B2B and B2C deliveries, in a maximum of 2 hours, using electric bicycles and scooters. The new socio-economic context has determined a new line of business development, towards offering a digital infrastructure with integrated payment and delivery for offline stores. This new direction was built against the background of the pandemic context, the service being offered by BeeFast to customers starting this April.

In the 7 months since the pandemic debuted, over 70 offline businesses went online with the help of BeeFast, the total number of customers exceeding now 150. They generated almost 50,000 deliveries. Thus, the resulting turnover after three quarters of 2020 was EUR 250,000. The most active businesses are restaurants, cafes, florists, but also grocery stores, food and beverage stores, toy stores, pharmacies, clothing and footwear stores.

„Our biggest challenge as a start-up came precisely from our success, if we consider the increase in orders. We have continuously adapted to support the accelerated dynamics, practically within a few hours we had to bring new people to the team, to rethink the work procedures, to prioritize the development lines in the backend. We started with 10 bees – deliverers – and now we have reached over 700 couriers registered in the platform. It was and is an intense period. But we managed to cope with the changes, the inevitable unpredictable situations, to continuously adapt, against the background of the socio-economic context affected by the pandemic,” said Cristian Grozea, one of the 4 founders of BeeFast.

Don’t leave for tomorrow, what you can deliver today

The rapid adaptation to market requirements made BeeFast fulfill its mission, namely to ensure a short delivery time of up to 2 hours. Thus, the average time for picking up and delivering orders is 55 minutes, and was slightly lower during the emergency, amid fluid traffic. Couriers are automatically assigned according to proximity, when the order is confirmed, without the need for additional action by the sender. Currently, the average number of orders is over 350 / day, ie 10,000 / month but the delivery capacity is expanded very quickly depending on the increased demand.

For the next months, BeeFast aims to continue the direction of digital infrastructure development, aiming to implement new facilities in the application, both in the B2B area for the integration of more complex businesses in terms of products and services offered, and for couriers and end customers.

„The current context will continue to significantly affect many industries, which will be forced to move towards integrated and sustainable e-commerce solutions. We are working on an ecosystem through which BeeFast services ensure a pleasant digital experience for users, but especially efficient and productive. We want to do for goods what the internet has done for information: accessibility and speed,” Cristian Grozea also specified.

The four entrepreneurs estimate that the next period, marked by Black Friday and the gift season, will generate 25-30% increase in the number of orders. They believe that the evolution of BeeFast in the last 6 months will continue the upward trend, the estimated turnover for 2020 being EUR 400,000.

BeeFast also addresses individuals who choose to send packages or documents quickly, using the platform. Currently, BeeFast is available in Bucharest, but the founders have received requests and are considering national expansions, with priority in Cluj-Napoca and Constanța.

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