Jersey Post invests in Parcel Monkey
The Jersey Post Group has completed its investment in Southampton-based Parcel Monkey.
Founded in 2009 by current Managing Director Nav Ramiah, Parcel Monkey specialises in four parcel service elements:
- a parcel delivery comparison service website – whereby Parcel Monkey provides parcel services for consumers based on pre-approved carriers
- a global trading platform that provides a marketplace interface through which parcel carriers can sell their services;
- 0utsourced warehousing, fulfilment and distribution services for online retailers;
- an online service for retailers to create e-commerce storefronts.
The investment in Parcel Monkey is the latest in Jersey Post’s international strategy to exploit opportunities outside the finite local market. In 2016 Jersey Post purchased a UK based European logistics provider and a customs clearance agent located at Heathrow. In 2017, Jersey Post continued to implement its strategy by investing in Global eParcel Solutions (GePS), based in Miami, and more recently partnering with the Estonian company, Freselle Logistics, as well as an investment in the Hong Kong based business, A2B Limited, a leading name in mail and fulfilment solutions in Hong Kong and China.
Jersey Post said that the investment in Parcel Monkey is “the final piece of the parcel solution portfolio”, as it is the “enabling ecommerce platform that can bring together the global network and service providers into one, easy-to-access location”.
Tim Brown, Chief Executive at Jersey Post said: “Our international strategy is to ensure the long-term revenue growth and stability for Jersey Post, through providing a complete global solution. It is imperative that this solution works for customers based overseas, but equally, if not more so, for those based locally who can expand their market reach through our extended partnership network. The investment in Parcel Monkey ensures that we are able to consolidate our various partner organisations via a comprehensive front-end trading platform that can host and promote the range of services offered by this global partner network.”
Nav Ramiah, Managing Director at Parcel Monkey, added: “Everyone here feels very excited and invigorated to be working with Jersey Post. I believe that the relationship will be a real boost to Parcel Monkey’s global ambitions and provide brand strength through Jersey Post’s postal brand and in-depth postal industry knowledge. I really believe that our relationship with Jersey Post will provide the catalyst to further innovation, especially in the tracked mail sector.”
