InPost’s Rafal Brzoska: Poland’s Newest Billionaire Is Now Worth $1.5 billion

The 43-year-old Rafal Brzoska is Poland’s newest billionaire. Rafał Brzoska is the founder and chief executive officer of Parcel locker company InPost SA.

The initial public offering valued tInPost at $9.7 billion, lifting the 12% stake owned by Brzoska’s foundation and raising his fortune to $1.5 billion, according to Bloomberg. InPost has more than 12,254 lockers, plans to add 4,000 to 5,000 more this year. Parcel locker company InPost SA wants to double its U.K. network of automated lockers to 2,000 machines this year.

The Amazon-InPost deal: InPost SA has clinched a 5-year deal with Amazon Inc. as the U.S. giant enters Poland’s revved up $19 billion e-commerce market.

InPost-Allegro.eu SA deal: The two companies signed a 7-year delivery deal in September. About 70% of Allegro’s merchandise go through InPost lockers.

InPost was started back in 1999 by Rafał Brzoska, who used it for leaflet distribution. Currently, InPost offers self-service lockers for its customers that can be used to arrange delivery and collection of parcels. In 2017, Advent bought InPost and its main shareholder Integer in deals valuing the pair’s equity at €102m. In Poland, 49% of the population already lives within a 7-minute walk of one of InPost’s lockers and its app has 5.6m users.

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