Fashion
Gogoprint, a startup that’s modernizing the printing industry, has raised US$7.7 million in series A funding to fuel its expansion into new markets like Australia, New Zealand, and South Korea in the next 12 months.
Gogoprint is an online service for printing things like business cards, flyers, and leaflets. It uses algorithms that take into account parameters such as paper type, quantity, and delivery, and then aggregates those orders into a “print-run” or a batch of prints.
This enables printers to make the most out of one printing sheet. Because each sheet carries fixed costs, maximizing it helps reduce prices and turnaround time for customers. It also allows printers to take in small orders from budget-conscious firms, instead of only focusing on large volume orders.
Printers that partner with the company are able to tap new customers, helping offset the cost of any unused capacity.
Gogoprint is active in four countries: Thailand, where it started, as well as Singapore, Malaysia, and Indonesia. In Indonesia, it faces competition from another online printing startup, Prinzio.
To date, Gogoprint has experienced a 200 percent year-on-year growth in customer base, attracting more than 45,000 customers with over 250 million products printed. Its clients include Honda, Lazada, Lion Air, Yamaha, Singapore’s Nanyang Technological University, and Booking.com.
Retail News reached out to the company for more financial details, but it declined to disclose figures.
The series A round was led by its existing backer OPG (Online Printing Group), an investor and partner of Brazil-based Printi.
