ASX Listed Online Book Retailer Booktopia Scores Supply Deal with Zookal

At the back of record-high book sales across Australia in 2020, online book retailer Booktopia has signed an agreement with local e-commerce company Zookal. As a result of this deal, Booktopia is set to become an exclusive fulfillment and supplier partner for Zookal as academic sales continue to rise. 

According to Nielsen, book sales in Australia saw a 7.8% rise in 2020, with sales by value hitting the $1.25 billion mark in comparison to $ 1.14 billion in 2019 [1]. 

A similar storyline can be observed with Booktopia with a notable rise in its academic sales. This growth can be attributed to the return of classroom education across schools and universities in Australia for the first time since the beginning of the COVID-19 pandemic. 

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Booktopia and Zookal’s deal

As a part of the agreement, Booktopia will procure, supply, and distribute Zookal’s physical book orders from a spectrum of more than 1,85,000 titles. This will more or less represent nearly $ 22 million annual revenue generated by Zookal in this financial year. 

According to Ahmed Haider, co-CEO, Zookal, the agreement which hands over the fulfillment and handling function to Booktopia will enable Zookal to prioritize its SaaS ed-tech platform. 

The ed-techs sector in Australia was expanding at a commendable pace even before the COVID-19 pandemic. Even on the global scale, ed-tech was a growing trend as the number of academic-private partnerships saw a steep rise. 

Mr. Ahmed also said, “The deal also allows Booktopia customers to have exposure to our innovative education tools Zookal Study, Homework Help, Test Prep and Textbook Answers adding significant value to their customer base”.

Tony Nash, CEO, Booktopia said that education continues to remain the company’s fastest-growing segment. The partnership with Zookal will facilitate its growth across the education sector and strengthen its position in the market. 

The agreement is set to take effect on May 1, 2021. 

More about Zookal

Zookal was launched in 2011 to offer students access to cost-effective resources and educational tools. Over the past few years, the company has grown from strength to strength and transformed into one of the top education platforms across the Asia Pacific region. 

More about Booktopia

Booktopia is an Australian online book retailer which has grown at a rapid pace in the past years. The company’s growth has been fueled by the rise in online shopping and investment in a new distribution center. 

Image Source: Business photo created by pressfoto – www.freepik.com

Source:

[1] (2021) “Nielsen: Australian book sales up 7.8% in 2020” Books and Publishing [online] Available from:  https://www.booksandpublishing.com.au/articles/2021/01/18/161393/nielsen-australian-book-sales-up-7-8-in-2020/#:~:text=Sales%20of%20books%20in%20Australia,the%20year%20was%2067%20million.  [accessed April 2021]

 

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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