SRT Group, parent company of Stuart, was acquired by Mutares from Geopost.
“We’re thrilled to start this new chapter with Mutares, driving the future of urban delivery,” says Cornelia Raportaru, CEO of Stuart. “As leaders in tech-enabled logistics, Stuart and Mutares share an ambition to pragmatically grow our business while remaining committed to serving customers and reducing environmental impact. We look forward to pioneering ever-more innovative delivery solutions.”
- Founded in 2015, Stuart has experienced rapid growth in on-demand food and grocery delivery. Generating over EUR 400 million in revenues in 2022, Stuart’s scalable model has been replicated in over 100 cities across Europe to meet rising consumer demand.
- Mutares’ expertise presents a pivotal opportunity to further accelerate Stuart’s sustainable delivery offering across sectors by diversifying revenue streams and streamlining its offerings for its customers.
- Mutares brings extensive experience strengthening market-leading platforms across industries.