Invest in a rapidly growing and innovative forwarding business that services Brazilian consumersThe Business
The Company is an international freight forwarder based in Miami, Florida that services Brazilian customers who buy products from North American websites that do not deliver overseas. Once a product is received at the Company’s warehouse, it is measured, weighed, and shipping costs to Brazil are calculated. Customers then pay by electronic means. Deliveries normally occur within 5 to 7 days after arrival at the warehouse, much faster than the services of competitors.
The Company uses courier services, however the import taxes amount to 60% of the value of goods. The Company is switching to a classified import system that uses variable tax rates based upon the type of goods; for instance home appliances are subject to a 15% import duty. This will make the Company even more competitive.
Market
Company partners consist of four individuals in their late 40’s with over 20 years of experience on the import/export industry and with strong Internet skills. These skills and experience have enabled them to use modern Internet technology to gain a lead over old-line traditional forwarding businesses.
The Company has been growing at a rate of over 100% per year with the number of customers increasing from around 2,000 in January 2009 to 8,500 in July 2010. Shipments total over five tons per month.
The Company obtained a first round of financing, which allowed it to significantly expand using Google advertising. The Company is now seeking a second round of investment in the amount of USD 8m.
Sector: TransportationSegment: Logistics and Supply ChainRegion: BrazilFinancing Size: $5m to $20mContact: Thierry Larose
Company: Inbelflu Participações e Investimentos Ltda.Telephone: +55 21 3521 9622Email: [email protected]