DoDo raises CZK 1.5bn from investors for expansion
DoDo Group, which focuses on B2B last-mile logistics, has raised its
largest investment to date of CZK 1.5bn in a Series B investment
round. The faster expansion abroad will help the growing firm raise
funds from investors led by Daniel Křetínský's EC Investments and
J&T Capital Partners founder Patrik Tkáč, who will raise their
minority stake in the logistics firm. A significant majority remains
with V-Sharp of entrepreneur Michal Menšík. With the acquired
funds, the company wants to strengthen its presence in the
business-critical DACH region, expand into southern Europe, and
further strengthen its position in last-mile logistics in markets where
it is already established. The funds will also help further develop
DoDo's own data-driven logistics platform. The target for 2022 is to
double turnover to CZK 2b.
Zpracoval kolektiv pracovníků zahraniční kanceláře CzechTrade Bangalore.