They can all pivot quickly with online stores but we have just spent 2 years laying the ground work for an entire Marketplace-Fullfillment network.
DW8 CEO Dean Taylor said, “Whilst our previously announced funding with Triton Growth has not eventuated, we are delighted to have secured an alternative funding pathway with an institutional anchor.
As the Company has assessed funding options over recent weeks, it is very clear to me that feedback has shown our technology and business model is extremely valuable and the inroads we have made are strongly recognised. We have an extremely strong product market fit in our integrated marketplace and fulfilment platform, Kaddy.
The recent external factors impacting the beverage industry and levels of consumption; Covid, ongoing bad weather events and macroeconomic uncertainty have proven difficult for us and have set us back, but only temporarily. Equally, notwithstanding the team’s focus to achieve growth, the task of onboarding larger suppliers and distributors has proven challenging, but we remain steadfast in our goal of widespread adoption of our unique platform.
Together with a lot of heavy lifting already completed consolidating multiple brands into one under “Project One” and implementation of further recent GMV growth initiatives, the Kaddy technology platform has never been better placed than today to play a leading role in simplifying and removing inefficiencies in the wholesale beverage industry.
(20min delay)