The Jersey Post Group has announced today that it has completed its investment in Parcel Monkey, an experienced, holistic parcel delivery service enabler and provider.
Based in Southampton, Parcel Monkey was founded in 2009 by current Managing Director Nav Ramiah. Today, Parcel Monkey specialises in four diverse, yet complementary, parcel service elements:
- A parcel delivery comparison service website whereby Parcel Monkey provides parcel services at competitive pricing for consumers based on pre-approved carriers;
- A global trading platform that provides a marketplace interface through which parcel carriers can sell their services;
- Outsourced warehousing, fulfilment and distribution services for online retailers;
- An online service for retailers to create an ecommerce storefront including website builder, domain name and hosting.
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.
The investment in Parcel Monkey provides Jersey Post and its customers with the final piece of the parcel solution portfolio – 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 stated, “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 confirmed, “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.”