The Bouqs intends to have a piece of Japan’s $6 billion flower market this season with a $30 million strategic growth round from Japanese enterprise company investor Yamasa. Although the Bouqs nevertheless must contend with larger contenders like 1-800-Flowers and FTD when you look at the U.S., it’ll are in possession of to battle incumbents like Ayoma Flower marketplace and FloraJapan, each of that also provide same-day distribution for the land for the rising sun.
So just why Japan? In line with the Bouqs creator and CEO John Tabis, their business have been trying 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 virtually any nation, Tabis is undeterred, telling TechCrunch there’s a great amount of opportunities into the flower delivery company knowing 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. “But the point that’s worked for all of us, the foremost is the way in which we’ve sourced is exclusive also it’s really the inspiration of our brand name.”
The Bouqs sprung up in a revolution of Silicon Valley funded flower distribution startups like BloomThat, Farm woman and Urban Stems, all promising Pinterest -worthy bouquets at the click of the key.