Duffl

Duffl

Duffl - The Most Convenient Store.

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DateInvestorsAmountRound
-investor investor investor investor investor investor investor

€0.0

round
investor

€0.0

round
investor investor investor investor investor

€0.0

round

$12.0m

Series A
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-77 %277 %31 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about Duffl
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Duffl operates as a hyperlocal convenience delivery service targeting college students, promising deliveries of snacks, drinks, and household essentials within 10 minutes. The company was founded in 2019 by UCLA students David Lin and Brian Le. The initial concept grew from Lin's side hustle of selling and delivering drinks and snacks from his apartment to fellow students. Lin, a philosophy major originally from China and later Peru, developed an interest in environmental sustainability, which influenced the company's eco-friendly model. Le, an electrical engineering major, contributed his technical skills by modifying electric scooters to enhance their speed and battery life.

The business model centers on a vertically integrated system. Duffl maintains its own inventory in small storefronts located near college campuses, which allows student employees, known as "Racers," to quickly pick, pack, and deliver orders. This contrasts with other delivery services that rely on third-party stores. Revenue is generated through a combination of product markups and a flat-rate delivery fee. By purchasing high-demand products directly from wholesalers, Duffl can maintain competitive pricing. The service is accessible via a mobile app where students can browse a curated selection of products. The entire workforce, from delivery Racers to campus store managers called "Admirals," is comprised of students, fostering a community-centric brand.

Duffl's service is distinguished by its use of electric scooters for delivery, which enables Racers to navigate campus environments efficiently and reach locations inaccessible to cars. This approach also aligns with an eco-conscious brand image. The company began at UCLA and expanded to other universities, including USC, UC Berkeley, University of Arizona, and Arizona State University. A key part of their marketing involves creating a strong campus presence through student employees, branded merchandise, and social media engagement, including personalized notes on delivery bags. The company was part of Y-Combinator's Winter 2020 cohort and has secured a Series A funding round. After a seed round in 2020, they raised $12 million in a Series A round in October 2021, led by Volition Capital.

Keywords: student delivery service, 10-minute delivery, college campus convenience, hyperlocal delivery, student workforce, electric scooter delivery, snack delivery, grocery delivery app, university essentials, campus retail, e-commerce logistics, David Lin, Brian Le, Y-Combinator, UCLA startup, student entrepreneurship, on-demand delivery, last-mile delivery, convenience store, direct-to-consumer, college market

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