Overview

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Total Equity Funding
$159.76k in 1 Round from 1 Investor
Most Recent Funding
$159.76k Angel on September 10, 2012
Headquarters:
Bangor
Description:
SendMyBag.com provides affordable & convenient, domestic & international, door to door luggage delivery.
Founders:
Categories:
Travel, Logistics
Website:
http://www.sendmybag.com
Social:

Company Details

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SendMyBag helps you travel with what you want at a price which makes sense. Skip bag-drop, no more baggage carousel waits and never pay excess baggage again.

From foreign exchange students and ex pats, to family vacations SendMyBag can save you money, time and hassle.

Airlines are faced with growing direct costs and restricted growth. Baggage touches both pain points; representing a direct cost in terms of fuel, landing duties and handling costs & an indirect cost as a barrier to turning around more planes within the limited daily slots. To combat the cost of handling baggage, airlines are seeking to reduce the amount checked whilst charging significantly more for that which is.

The CEO of Europe's largest low cost airline has stated he will “price luggage out of the hold”. Baggage however is not only a problem for European low cost airlines; in the last decade the revenue achieved from baggage fees in the USA has grown from $400M to $4B.

One journalist described the modern traveller as being fleeced like sheep and herded like cattle, checked baggage fees are growing, hand luggage only flights are coming and baggage allowances are falling; despite this over 1.5 billion flights will be taken in 2014.

SendMyBag is not a “luggage concierge” service for the wealthy; they endeavour to be a mass market solution which will disrupt the airline industry by revolutionising the courier industry.

Funding Rounds (1) - $159.76k

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DateAmount / RoundValuationLead InvestorInvestors
Sep, 2012£100k / Angel1

Investors (1)

InvestorRound(s)Partner(s)
Angel-

Current Team (1)

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Offices/Locations (2)

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  • NYC Office

    234 5th Avenue

    New York, NY 10001

    USA

  • Head Office

    1st Floor

    20 Hamilton Road

    Bangor, BT20 4LE

    GBR

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