Cascadia Advises Zendrop in Merger with Staytuned
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Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce it acted as the exclusive financial advisor to Zendrop, a dropshipping platform for entrepreneurs, in its merger with Staytuned Digital, a developer of Shopify e-commerce tools.
“The tools and products that Zendrop provides enable people to start businesses right away,” says Staytuned CEO, Serge Kassardjian.
By teaming up, “we can give people everything they need to succeed with their e-commerce business, as well as take more market share from the e-commerce software space,” added Zendrop CEO, Jared Goetz.
“The combined company aims to be the entry point for entrepreneurs who are starting stores and could eventually ‘graduate’ into using a suite of software,” says Kassardjian.
The companies will co-market themselves and eventually New York-based Staytuned could incorporate more of Zendrop’s branding. As part of the merger, Zendrop CEO, Jared Goetz, will join Staytuned’s board.
“As the small and medium-sized business (SMB) e-commerce market continues to grow, technology solutions are needed to serve dynamic needs, from building a storefront to marketing and product procurement. Zendrop and Staytuned are well positioned to provide a comprehensive solution that meets the needs of SMBs operating in today’s evolving landscape,” says Teague Collins, Cascadia Capital Managing Director.
“The supply chain technology sector is evolving quickly, and fulfillment enablement is a key component of successful platforms across the e-Commerce ecosystem. Cascadia was excited to support Zendrop and Staytuned in forming what will become a major player in the dropshipping category,” added Firdaus Pohowalla, Cascadia Managing Director.
Source article: https://www.cascadiacapital.com/news/cascadia-advises-zendrop-in-merger-with-staytuned/