Tok Tok Tok
On demand delivery service that allows users to order anything any time and have it delivered to their doorstep.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Tok Tok Tok, a French startup established in 2012, operated as an on-demand logistics and personal shopping service in the Parisian market. The company was founded by Serge Alleyne and Pierre Bonnais.
The business model was centered around providing a hyper-local, rapid delivery platform that enabled customers to order a wide array of products from local stores. These items, ranging from groceries and restaurant meals to flowers and electronics, were then purchased and delivered by couriers, referred to as "runners," with an average delivery time target of under an hour. This service positioned the company as a direct competitor to similar U.S.-based services like Postmates, catering to individuals seeking convenience and immediate access to local goods. Revenue was generated through delivery fees, which typically ranged from €5 to €10 per order.
A significant milestone for the company occurred in January 2014, when it secured $2 million in a Series A funding round. This capital was intended to fuel its expansion, with plans to launch services in London. Following the investment, the company also brought on former Carrefour CFO, Eric Reiss, to serve as its CEO, signaling a period of intended growth. The platform's core technology was a proprietary algorithm designed to efficiently dispatch orders to its fleet of couriers.
Despite its initial traction and funding, Tok Tok Tok ceased its delivery operations. In September 2016, the company was acqui-hired when its technology platform was sold to Just Eat, a major player in the food delivery industry. Reports indicated that other assets, such as client databases and commercial contracts, were sold to a Spanish firm, marking the end of the Tok Tok Tok venture.
Keywords: Tok Tok Tok, Serge Alleyne, Pierre Bonnais, on-demand delivery, personal shopping service, Paris startup, local delivery, rapid delivery, courier service, last-mile logistics, Just Eat acquisition, Allo Resto, Webinfluence Group, hyperlocal delivery, food delivery, grocery delivery, concierge service, e-commerce logistics, urban delivery, same-hour delivery