8Returns raises 800,000 euros

Climate-neutral returns, without paper and integrated into their own processes - that's what 8Returns promises its customers. Now the Berlin-based company has received 800,000 euros in a financing round from a total of 18 investors.

Germans return around half of their online orders - and the companies then have to sort the goods, some of which are no longer suitable for resale. 8Returns, a start-up founded by Nilaxsa Yoganathan and Amin Ben Said in Berlin, is dedicated to returns and their challenges. Now they have received support from 18 investors and raised 800,000 euros. This reports Capital EXCLUSIVE.

Among them are Tamaz Georgadze and Frank Freund from Fintech Raisin, Philipp Kreibohm from Home24, Auxxo partner Fabiola Hochkirchen as well as entrepreneur and investor Verena Pausder and Thermondo founder Philipp Pausder.

The start-up primarily enables small retailers who sell via Shopify and Shopware to organize their returns through its software. In the process, the paper return slip is eliminated and replaced by a code, and shipping is also compensated and thus climate-neutral.