PIMM is turning to an old source of cash in exchange of equity.

PIMM food and packages delivery service is looking to raise up to $50 million through private placements

The move lets PIMM raise money by diluting its stock.

PIMM is turning to an old source of cash in exchange of equity.

The company turning to private investors by diluting his shares ensures the company can raise more money at a later stage with a new source of cash in exchange for something other than equity, without diluting the holdings of existing investors.

It’s a typical move for startups, particularly for those that are not public and are not losing money.

People at PIMM are hoping the company’s valuation might attract investors from all over the world.

PIMM is expected to make money very quickly because it is not re-inventing the wheel and just using existing logistic software to connect the customer, the store and the driver.

“PIMM is focusing on stores and restaurant deliveries to consumers in their neighborhood and so avoiding expensive packing that are required when shipping by UPS, FEDEX, TNT or DHL. Everyday 30 million packages and 25 million food and restaurant orders are delivered all over the USA this is what is going to make PIMM so successful” said. Greg Barn VP of Development at PIMM

About PIMM

PIMM is a technology platform connecting stores, drivers and customers

STORES

PIMM connects you with a delivery partner to make a delivery. Your delivery partner will arrive at the push of a button, ready to pick up your items and deliver them wherever they need to go.

 

DRIVERS

Make money on your schedule. you can deliver food, flowers, and more to make extra money and explore your city. Sign up in minutes. You can use a bike, a scooter, or a car to make deliveries and earn money.

CUSTOMERS

Get your order from any store in your city @Pimmspeed. We are working with over 1000 of the best stores in your area to satisfy your purchases requirements.

TRADEMARKS and DOMAINS NAMES:  PIMM.COM, PIMMSPEED.COM, PIMMAPPS.COM and FOODONTHERUN.COM are registered trademark.

 

PIMM.COM

228 Hamilton Avenue, 3rd Floor, Palo Alto, CA 94301, United State

Info@pimm.com

www.pimm.com

 

 

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