Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwi Ecommerce Start-up Storbie Raises $1.5M Fast-tracking Aussie Market Success

If you visit your local kiwi pharmacy online, there’s a 1 in 4 chance their website is powered by Wellington ecommerce success story Storbie and it won’t be long before the iconic blue shopping cart will becomes an industry standard in Australian pharmacy too.

Little more than 10 months on from launching across the ditch, and with $1.5M of secured funding spurring their expansion, Storbie has cemented itself as fundamental when it comes to enabling community pharmacies to put their best foot forward online. More than 100 community pharmacies in Australia now choose Storbie, and they have the backing of the industry, having struck ecommerce platform integration deals with some of the largest community pharmacy software providers - most of which are the first of their kind.

It’s no surprise that the ecommerce sector is hot property for investors right now. After the initial surge of businesses moving to establish an online channel during lockdown, Storbie is currently witnessing a second wave of demand for ecommerce websites. New data shows that in August there was a 382% increase in new online store setups compared with the same month last year.

“It’s becoming increasingly obvious that local businesses are looking at ecommerce in a new light post-lockdown” says Shane Bartle, CEO of Wellington based ecommerce platform Storbie. He says that they have seen an increase of more than 113% in new ecommerce website builds this year compared with 2019.

This ‘second wave’ indicates that the pandemic has fundamentally changed the way that people are shopping both here and in Australia and for a retailer coming out of response mode, their path to recovery includes a renewed focus on digital channels – especially for the ones who have previously relied on foot-traffic to keep the lights on.

Justin Lester, former Wellington Mayor and Chairman of Storbie’s Board of Directors adds “local retailers don’t want to sit back and leave their survival to chance, they can see that people are doing their shopping online more than they used to, so they are taking the initiative and planning for all possibilities.”

These trends only affirm the relevance of the challenges that Storbie has set out to solve in the industries they’re focused on.

Bartle says that the recent funding enables Storbie to invest in new ways to support local businesses. “Right from day one, Storbie has been built around this idea of supporting independent retailers. I see this investment as a mandate to continue expanding on our mission to give power back to the little guy.”

Storbie recently posted a result of 112% YoY growth and with other sectors taking notice of the way Storbie is accelerating the transformation of established industries, Storbie is one to watch.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing


House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>