30% of Hubbed has just been sold to Singapore Post for $4.3 million dollars.
Singapore Post is one of the largest in world and is well placed in Australia to expand. Among other things in Australia, it owns Courier Please, which is Australia’s leading metropolitan express parcel delivery service with nationwide operations in Brisbane, Gold Coast, Toowoomba, Sydney, Canberra, Central Coast/Newcastle, Melbourne, Bendigo, Ballarat, Geelong. Carrum Downs, and Adelaide.
This I am sure will mean quite a lot to the 680 newsagents who by way of Hubbed provides a parcel delivery service in every major city across Australia. Included in this announcement is an expansion in Hubbed e-commerce delivery service to Australian customers using Singapore Post plus a new product for parcel drop-offs and sale of delivery products. It will also mean an expansion of Hubbed's customer base as Singapore Post huge customer base will be entering the Hubbed network.
