8returns raises 800,000 euros
8returns has raised €800,000 in a pre-seed funding round to optimize returns management for online retailers. The startup aims to make the returns process more efficient and sustainable through automation and data-driven solutions.
Climate-neutral returns, without paper and integrated into the company's own processes - that is what 8returns promises its customers. The Berlin-based company has now received 800,000 euros from a total of 18 investors in a financing round.
Germans return around half of their online orders - and the companies then have to sort the goods, some of which are no longer suitable for resale. 8returns, a start-up founded by Nilaxsa Yoganathan and Amin Ben Said in Berlin, is dedicated to returns and the challenges they present. They have now received support from 18 investors and raised 800,000 euros. This is reported by Capital exclusively.
Among them are Tamaz Georgadze and Frank Freund from fintech Raisin, Philipp Kreibohm from Home24, Auxxo partner Fabiola Hochkirchen as well as entrepreneur and investor Verena Pausder and Thermondo founder Philipp Pausder.
The start-up primarily enables small retailers who sell via Shopify and Shopware to organize their returns using its software. The paper returns slip is eliminated and replaced by a code, and shipping is offset, making it climate-neutral.
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