Royal Mail buys stake in e-commerce start-up

Royal Mail has bought a stake in the Australian e-commerce technology start-up company, Market Engine Global. Market Engine produces technology that enables businesses to manage online shop fronts in global marketplaces such as Tmall Global. This includes providing localised online shop front designs, with translation into the local language, as well as integration with real-time business management and analysis systems, including inventory, reporting and sales analysis. The company also creates custom-built online marketplaces.

In a statement issued today (7 September), Royal Mail said that the investment in Market Engine forms part of its “continued focus on digital innovation and building its e-commerce capability”. As previously reported, Royal Mail has this year bought  personal shopping app developer Mallzee and also Storefeeder, which provides order management, stock control, smart warehousing and courier integration for web merchants. 

Nick Landon, Managing Director of Royal Mail Parcels, said: “I’m excited to announce our investment in Market Engine. We think we can leverage our scale and expertise to help Market Engine expand and accelerate its entrance into new markets, while identifying opportunities to incorporate its technology solutions within Royal Mail’s existing operations.”