Bungii launches on-demand hauling in Chicago; quirks of new markets steering KC startup’s agility
May 16, 2019 | Tommy Felts
Bungii is quickly seeing results in the third-largest U.S. city, as the sharing economy startup leaves its tire prints on yet another market.
Bungii
“It’s early, but we are seeing very positive KPIs [key performance indicators] from the Chicago launch. It’s our fastest-growing record to date,” said Ben Jackson, co-founder of Bungii, which was founded in the Kansas City metro in 2015. “Each subsequent market is growing faster than the previous due to: 1) A better understanding and more precise customer acquisition model. and 2) Continuing progress we’re making from an operational standpoint.”
Co-founder Harrison Proffitt is on the ground in Chicago for the launch, fresh off opening the Miami market to Bungii’s platform this winter.
Click here to learn more about why Bungii was named one of Startland’s Kansas City Startups to Watch in 2019.
Bungii’s elevator pitch: Bungii is an app that puts a pickup truck at your fingertips to help move, haul and deliver stuff around town. We’ve been compared to popular ride sharing app, but instead of moving people, we move people’s stuff.
Click here to download the app.
New cities expose ways to improve Bungii’s offerings to better fit individual geographic and demographic quirks, while still appealing to and serving a broad customer and driver base, Jackson said.
Bungii
Kansas City boasts a high population of pickup trucks, for example, while Atlanta has some of the worst traffic nationally, he explained, also noting the experience of Washington D.C.’s high population density and urban landscape.
“Each market is different with unique challenges and intricacies,” Jackson said. “We’ve found that each must be approached with a learner’s mindset; we really need to understand what makes these markets tick and where the hot spots are.”
“I’m so proud of our team’s ability to adapt and overcome,” he continued. “We can handle anything a market throws at us.”
Such confidence is earned, in part, through Bungii’s 24-percent compound monthly growth rate in gross revenue, year to date.
“When drilling down on a single market (city) level, we’re still seeing strong, triple-digit annual growth, even from our most mature markets,” Jackson said.
Bungii expects to open operations in at least 10 new cities in 2019, Jackson told Startland previously.
“By the end of the year, we should be operating coast to coast,” he said.
Click here to learn more about Bungii’s service.
2019 Startups to Watch
stats here
Related Posts on Startland News
In second term, Mayor Q says he’ll help get City Hall out of entrepreneurs’ way as they build a more diverse economy
Creating economic equity in Kansas City goes hand in hand with building a sustainable city, said Mayor Quinton Lucas. “We will not be the city that we need to be — we won’t have the workforce, the entrepreneurs that we need — if we’re not actually investing in equitable tools in any number of ways,”…
Sandlot Goods takes a swing at a brick and mortar; new JoCo storefront expected to be a home run with brand’s fans
Sandlot Goods — Kansas City’s only local hat manufacturer — is hoping to score big with its first, dedicated, standalone retail space. The new location at Park Place in Leawood — 11530 Ash Street — is slated for a soft opening Aug. 15 and a grand opening Sept. 16, shared Garret Prather, Sandlot vice president…
‘Oppenheimer’ actor says new Missouri tax incentives could bring investors, more film productions to KC
David Dastmalchian’s screenplays for movies set in Kansas City now have a realistic chance to be filmed in and around his hometown, said the acclaimed actor, writer, and producer who grew up in Overland Park. Recently-signed legislation paves the way for increased film production in Missouri by reauthorizing — and strengthening — tax credit incentives…
She witnessed short-staffed hospitals as a COVID patient; How her ‘Airbnb for health care workers’ could save lives like hers
After her own hospitalization with COVID-19, Shapree’ Marshall set out to make sure local hospitals have adequate staffing to care for the community, she shared. In February 2022, Marshall — now a 2023 Pipeline Pathfinder cohort member — founded A Traveled Path Homes, which she describes as Airbnb for the medical industry. She plans to…