Overview
TUNL is a South African e-commerce logistics company that operates a parcel shipping platform for merchants. Founded in 2022 and headquartered in Cape Town, the company facilitates international shipping for online retailers seeking to reduce costs on cross-border parcels.
The platform addresses the challenge of high international shipping expenses for e-commerce merchants, particularly those based in South Africa and other emerging markets. By aggregating shipments and leveraging carrier relationships, TUNL enables merchants to access reduced shipping rates on international parcels.
Activities and products
TUNL operates the TUNL Export Platform, which allows e-commerce merchants to book and manage international parcel shipments. The platform provides access to shipping options with stated cost reductions of 50% to 80% compared to standard rates. As of 2023, the platform had onboarded over 700 merchants and processed more than 11,000 international parcels during that year.
Stage and funding
TUNL is at seed stage and raised $1 million in pre-seed funding in December 2023. The company was founded by Matthew Davey and Craig Lowman. According to available information, the company has plans to expand its operations to other African and emerging markets beyond its current South African base.
Company details
- Legal name
- TUNL
- Website
- www.tunl.co.za
- Headquarters
- Cape Town, South Africa
- Founded
- 2022
- Sector
- E-commerce logistics
- Funding stage
- Seed