{"id":44504,"date":"2023-10-20T15:36:28","date_gmt":"2023-10-20T15:36:28","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/sydney-startup-people-post-secures-1-25-million-to-take-it-to-the-next-level-startupsmart\/"},"modified":"2023-10-20T15:36:28","modified_gmt":"2023-10-20T15:36:28","slug":"sydney-startup-people-post-secures-1-25-million-to-take-it-to-the-next-level-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/sydney-startup-people-post-secures-1-25-million-to-take-it-to-the-next-level-startupsmart\/","title":{"rendered":"Sydney startup People Post secures $1.25 million to take it to the next level – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

A Sydney crowdsourced delivery startup has closed an oversubscribed funding round of $1.25 million as it looks to take things to the next level.<\/p>\n

People Post is an online two-sided platform and smartphone app that connects users, mainly businesses, with delivery drivers and tracks parcels in real time.<\/p>\n

People Post founder and CEO Wayne Wang says he was originally aiming for only $1 million, with Greenwich Capital Partners facilitating the oversubscribed round.<\/p>\n

The startup originally planned to raise up to $3 million at the start of the year<\/a>, but opted out of a funding deal following due diligence.<\/p>\n

\u201cWe decided not to proceed after due diligence,\u201d Wang tells StartupSmart<\/em>.<\/p>\n

\u201cWe thought it wasn\u2019t the best approach for the business. Right after that we started looking for alternative options for capital raising.\u201d<\/p>\n

Extra fuel<\/h3>\n

After that change of heart, raising funding proved to be smooth for the Sydney founder.<\/p>\n

\u201cWe received very welcome messages from the investment community and closed it out within two months,\u201d he says.<\/p>\n

\u201cIt has been really successful. We\u2019re very, very happy with the outcome.<\/p>\n

\u201cWe decided to take the extra money to give more fuel to the business.\u201d<\/p>\n

People Post launched in 2014<\/a> and now operates in five capital cities across Australia. The platform utilises a \u201cgrouping algorithm\u201d to make logistics as efficient as possible, and employs security bonds and user reviews to keep things safe.<\/p>\n

Wang says the startup has enjoyed continual 50% month-on-month user growth and now has over 7500 registered delivery \u201crunners\u201d on the platform that made more than 26,000 deliveries in the past 12 months.<\/p>\n

He says this growth has largely been achieved things to organic referrals, and the latest funding round will allow the startup to ramp up its marketing efforts.<\/p>\n

\u201cOur technology is very, very established now,\u201d Wang says.<\/p>\n

\u201cThe whole team is very ready to bring the product to the next stage.<\/p>\n

\u201cThe benefits the clients are getting out of the platform are great, they\u2019ve never experienced that in the past. They\u2019re just loving it.\u201d<\/p>\n

Persevering through the challenges<\/h3>\n

With a market worth more than $5 billion annually, Wang says he\u2019s aiming to maintain the consistent growth going forward.<\/p>\n

\u201cWe love challenges,\u201d he says.<\/p>\n

\u201cThe cash injection will definitely help with that and we\u2019re looking forward to the next financial year. It\u2019s going to be great.\u201d<\/p>\n

For other founders and entrepreneurs, he says perseverance and hard work are crucial to securing funding and building a successful business.<\/p>\n

\u201cJust hold onto the idea,\u201d Wang says.<\/p>\n

\u201cThere will be difficulties and there will be problems \u2013 that\u2019s just the world we\u2019re in. A startup will always be challenging.<\/p>\n

\u201cJust keep tackling the problems and keep moving forward.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, <\/em>LinkedIn <\/em>and <\/em>SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A Sydney crowdsourced delivery startup has closed an oversubscribed funding round of $1.25 million as it looks to take things<\/p>\n","protected":false},"author":2,"featured_media":59219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44504"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=44504"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59219"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}