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Pargo one of nine finalists at the prestigious FNB Business Innovation Awards

South African tech StartUp Pargo has been chosen as one of the nine finalists at the FNB Business Innovation Awards (FNB BIA) in association with Endeavor South Africa.

Mike Vacy-Lyle, CEO of FNB Business says that much of the reason behind the need to encourage businesses through these awards is that they hold the greatest possibility to answer to the socio-economic challenges that South Africa finds itself.


About Pargo

Pargo is a smart logistics company that solves the challenges of last-mile distribution. We allow consumers, companies and couriers to send and receive parcels at Pargo points located at convenient retail stores across South Africa.

75% of the population in sub-saharan Africa live and work in areas that have limited access to goods and services. These areas include informal settlements and rural areas, which often lack proper residential addresses and are challenging and expensive to service by couriers. High security housing estates, large office buildings and universities are other examples of areas where a courier delivery is almost impossible. Additionally, people have a busy lifestyle and don’t have someone at home to send or receive parcels on their behalf all the time, leading to missed deliveries and disappointment.

Vision

It is our mission to create access for anybody in Africa. We do this through a network of Pargo points which is supported by our smart logistics technology platform.

By creating access we strive to be a key enabler of ecommerce on the continent and connect retailers and consumers globally. We do this at a price that is more affordable, through locations that are more accessible and while giving our users the flexibility to choose a time and location convenient to them.

History

Pargo was founded in 2015 by Lars Veul and Derk Hoekert, both from the Netherlands and with a background in ecommerce. They moved to Cape Town in 2012, attracted by the enormous potential for ecommerce growth in Africa and joined one of the leading online retail companies.

A few days into their roles they were instructed to make as little use of the local Post Office as possible, as they were going through tremendous strain and service levels were dropping rapidly.

They soon realized that logistics was a serious challenge for ecommerce businesses on the continent and that a well-functioning distribution system was desperately lacking in the country. Online retailers were experiencing issues around parcel delivery and returns and were actively looking for alternatives.

These insights encouraged them to start Pargo in an attempt to solve these challenges. Since then we’ve built a network of over 1500 convenient Pargo points together with great businesses and allow thousands of of people to send and receive parcels every day.

Pargo timeline

December
First 14 pick up points
open at Caltex
2015
January
Official launch of Pargo
First parcel sent and collected
September
Click & Collect
launched with One Day Only
2016
February
500
Pargo points!
September
Clicks
added to the network
2017
February
Series A investment closed with
SAAD Investment Holdings
September
Launch Omni Channel
Powered by Pargo solution with TFG
June
Office move
Moved into new offices in Woodstock, Cape Town
2018
March
Lewis added to the network
June
Pargo one of nine finalists at the prestigious
FNB Business Innovation Awards
February
Launch of Point to Point

Users can now send via the Pargo website

April
1.500 pick up points

reached