INSUBCONTINENT EXCLUSIVE:
enterprise business investor Yamasa
While The Bouqs still must compete with bigger contenders like 1-800-Flowers and FTD in the United States , it will now have to take on
incumbents like Ayoma Flower Market and FloraJapan, both of which also offer same-day delivery throughout the land of the rising sun.So why
Japan? According to The Bouqs founder and CEO John Tabis, his company had been looking to expand internationally for awhile and Japan seemed
to fit well within that plan.The Bouqs CEO and founder John TabisBut as far as bigger competition in any country, Tabis is undeterred,
Pinterest -worthy bouquets at the click of a button
But what set it apart was its farm-direct supply chain, cutting out costs from middlemen and delivering flowers that last longer.This
particular round now puts The Bouqs up top as far as total funding raised among its flower delivery startup peers, bringing in $74 million
in total funding to date, with competitor Urban Stems in second place with $27 million in funding, according to Crunchbase.Tabis also tells
budget on the flowers alone.One other renewed focus for the company will be its subscription business, keeping customers set up with a fresh
bunch of flowers once the old bouquet is ready for tossing
News Room.The SVP of Yamasa, Norikazu Sano, also mentioned further expansion into Asia for the company in a company press release, so we
vision to create a global network of top-quality farms paired with a category-defining local floral brand enabled by proprietary supply
chain technology and vertically integrated sourcing capabilities
