The Bouqs intends to have a piece of Japan’s $6 billion flower market this present year by having a $30 million strategic growth round from Japanese enterprise company investor Yamasa. As the Bouqs nevertheless must take on bigger contenders like 1-800-Flowers and FTD within the U.S., it’s going to are in possession of to battle incumbents like Ayoma Flower Market and FloraJapan, each of that also provide same-day distribution through the land regarding the increasing sunlight.
So just why Japan? In line with the Bouqs founder and CEO John Tabis, their company was in fact seeking to expand internationally for awhile and Japan appeared to fit well within that plan.
The Bouqs CEO and founder John Tabis
But in terms of larger competition in almost any country, Tabis is undeterred, telling TechCrunch there’s lots of possibilities within the flower distribution company once you learn locations to look. “There’ve been four or five other startups that attempted something comparable — a few of them not any longer occur,” Tabis said. (more…)