Borzo

About Borzo

Borzo, formerly known as WeFast, operates as a global, crowdsourced same-day delivery platform for businesses and individuals. Founded in 2012 by Mike Alexandrovski, Aleks Shamis, and Dmitry Zubkov, the company was established to address a gap in the market for fast and reliable delivery, a need Alexandrovski identified as crucial for e-commerce businesses to remain competitive. Initially launched in Russia, the company rebranded to Borzo in August 2021 to unify its operations across 10 countries under a single name.

The company's business model is centered around an on-demand, gig-economy workforce, connecting customers with a network of couriers. Borzo's primary clients are Micro, Small, and Medium Enterprises (MSMEs), which constitute 75% of its customer base. It serves a range of industries, from e-commerce and retail to restaurants and pharmacies, by enabling them to offer same-day delivery without the cost of maintaining their own fleet. Revenue is generated from each delivery facilitated through its platform. The company's technology utilizes advanced algorithms that optimize for numerous parallel deliveries by considering factors like geographical routes, package contents, and courier availability to ensure speed and cost-efficiency.

Borzo's service allows users to book intra-city deliveries of any weight or size via its website, mobile app, or through API integration. This flexibility supports a variety of transport options, including two-wheelers and, more recently, three-wheelers and trucks for larger shipments. Key features include real-time tracking, transparent upfront pricing, and options for both on-demand and scheduled deliveries. In January 2022, Borzo acquired NOW, an Indian last-mile delivery startup, to enhance its service offerings and expand its reach in the region. As of August 2021, the firm had raised a total of $94 million over five funding rounds, with its Series C round bringing in $35 million from investors including Mubadala, VNV Global, and the Russian Direct Investment Fund.