SFU students deliver a successful business idea
The wheels never stop spinning for SFU student innovators Fez and Sal Rismani. That’s because the entrepreneurial brothers continue to take their last-mile logistics delivery business—Daily Delivery—down new roads.
Daily Delivery’s logistics platform connects businesses with nearby delivery specialists that provide on-demand customer delivery from stores and services that don’t have drivers, or that typically fall short of drivers.
As clients of SFU’s highly successful Coast Capital Savings Venture Connection, the brothers introduced their concept in downtown Vancouver three years ago, using electric scooters that cost just $2 a day to charge. But as demand increased they adjusted their strategy to use crowdsourcing for sub-contracted drivers who operate their own vehicles.
“Pivoting to become a business-to-business, outsourced delivery platform, Daily’s mission has evolved,” says Fez. “It has become a turnkey solution that empowers partnered retailers to offer an Amazon-like experience to their customers, who can now choose when and where to receive their delivery, track it in real-time, and communicate with the delivery specialists.”
Business Pitch wins Dragon's handshake
The brothers further tested their concept in 2016 with a business-plan pitch on CBC-TV’s “Dragons’ Den”— shaking hands with two of the dragons.
The business has grown from serving ‘mom and pop’ shops to serving online ordering platforms such as Just-Eat.ca, Food.ee and YellowPagesDine.
The company now has more than 250 part-time drivers in the Vancouver area who help more than 300 stores and restaurants make deliveries to their customers in under an hour.
Driving e-commerce deliveries for Walmart
This year the company moved into the omni-channel retail sector, completing a successful pilot project with Walmart’s e-commerce division, helping kick-start the retail behemoth’s Home Grocery delivery program. And in March, Daily Delivery entered the Toronto market.
“Over the past few years we’ve learned a lot about breaking into other verticals and diversifying our revenue streams,” says Fez. “We’ve also taken the time to learn about the possibilities within new emerging markets and how we can grow. It’s all coming together.”
The brothers have also begun marketing their logistics management software to assist traditional delivery companies operating their own fleets of drivers.
“We’re advocates of the ‘sharing economy movement, with a passion for building interconnected local communities,” says Fez who, along with his brother, is an economics student at SFU. Studies are on hold as the business snowballs, but Fez plans to complete his undergraduate honors degree once time allows.
“Toronto’s operations are in full swing now and we’ve already surpassed our growth in Vancouver,” says Sal Rismani. “We couldn’t be happier with how things have turned out.”