Retail Insider is announcing an exclusive partnership with Toronto-based digital logistics startup Swyft which facilitates same-day delivery for Retailers. Swyft is poised to be a game changer in the package shipping industry as it grows rapidly and innovates through data and technology. The company’s overall goal is to make the price of same-day delivery comparable to one or two-day delivery, levelling the playing field for smaller businesses against major players.
“Retail Insider is thrilled to bring Swyft on as our exclusive partner in the space, as we believe what they are building will transform shipping in Canada. We believe that Swyft will be a huge benefit to large and small retailers looking to offer same-day shipping to consumers as retail continues to shift online,” said Craig Patterson, Editor-in-Chief of Retail Insider.
The company has been securing significant funding including a recent Series A raising $22 million led by Inovia Capital, Forerunner Ventures and Shopify. Now Swyft is expanding geographically over the next 12 months in a big way after recently launching operations in Los Angeles. Swyft’s software application integrates with merchant shopping carts on e-commerce platforms including Shopify, WooCommerce, and Magento to offer same-day delivery. Swyft grants courier companies free access to its software as they join Swyft’s marketplace, thus creating a network of warehouses and delivery drivers.
“Now everyone can offer affordable last mile delivery to their customers that automatically scales with seasonal activity,” said Aadil Kazmi, Swyft’s co-founder and CEO, “Same day delivery is no longer only for Amazon sellers.”
Retailers and brands already using Swyft’s marketplace include Lush Cosmetics, Station Cold Brew coffee, luxury retailer Holt Renfrew, and jewellery brand Jenny Bird. More retailers are coming on board daily as part of their accelerated growth.
Since launching in March of 2020, Swyft has delivered over 200,000 packages to date and has expanded its gross margin rapidly due to its zero-asset business model. In December, Swyft says that it drove an additional $10,000 per day for a jewellery retailer by offering quick delivery when the holidays were resulting in delivery delays from other providers.
Swyft says that its rapid delivery platform helps drive consumer retention and loyalty which in turn leads to higher profitability for retailers. Swyft also enables independent brands to offer affordable same-day delivery which is critical in helping them grow their businesses and meet increasing customer expectations. In theory, utilizing Swyft can help smaller retailers level the playing field with Amazon by in some cases offering even faster delivery.
Retail Insider will continue to work with Swyft as it grows and will provide updates on the company as it helps retailers in this country succeed. For more information on Swyft, visit: https://www.useswyft.com
