21 February 2023

Logistics and technology company DoDo continues to grow

DoDo operates in seven European countries, employs 2,300 couriers and operates over 1,000 vehicles, serving multinational and local clients in 13 different sectors, from food to small electronics. Last year, the company increased turnover by 39% to CZK 1.3 billion and order volumes increased by 49% to 5.8 million shipments.

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DoDo service, which was founded in 2016 under the KKCG group of billionaire Karel Komarek, was later acquired by Michal Menšík in 2017. At the time of the acquisition, the service operated only in Prague and had about forty couriers and several vehicles. Under Menšík's leadership, the service has seen significant growth and is now a large international company. It currently operates not only domestically, but also in Slovakia, Poland, Hungary, Germany, Austria and Bulgaria. DoDo focuses on modern and eco-friendly urban logistics, managed by its own logistics platform GAIA, which takes care of route planning to reduce mileage and speed up delivery. The company, under the leadership of Michal Mensik, has recently transformed from a delivery service to a logistics group serving clients such as Tesco Basket, Decathlon, Alza and KFC.

Foreign markets accounted for nearly 40% of DoDo's orders last year, reflecting the company's growing focus on international expansion, particularly in Germany, Switzerland and Austria. In May last year, the company secured a CZK 1.5 billion investment from Czech-Slovak billionaires Daniel Křetínský and Patrik Tkáč and Rockaway's Jakub Havrlant to support the startup's further development and international expansion. Last year, DoDo ranked 29th in our Technology Fast 50, which recognizes the fastest growing public and private technology companies, indicating its strong market position and rapid growth.

"Logistics efficiency is critical to the success of many businesses or organisations. It involves getting the right products to the right place at the right time, all while minimising costs and maximising efficiency. By leveraging innovative technologies and sustainable practices, companies can improve logistics efficiency, increase customer satisfaction and gain a competitive advantage in today's rapidly changing global marketplace."

-Jan Brabec, Partner – Financial Advisory