2.2.2021
One of the fast growing purely online food retailers in Italy Cortilia has published their revenue figures for the pandemic year 2020. They reached the amazing growth rate of 175% during the year. Since 10 years from the foundation of Cortilia their turnover reached 33 million euros. Cortilia busines is built around short supply chain, online orders and home delivery. Currently Cortilia collaborates with 250 small and medium sized produders and has 50 employees. In addition Cortilia has just closed an important investment round of 34 million euros subscribes by existing investors and as a new comer Red Circle Investments. During 2021 Cortilia is planning to open 50 000 sqm site in order to keep up with the growth of the business. This confirms the fact that e-commerce especially in food retail is gaining importance in the retail business with a big leap due to the Covid-19 pandemic!
Source: technoretail.it
