Digital Wine Ventures (ASX:DW8) - CEO, Dean Taylor
CEO, Dean Taylor
Source: WBM Online
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Digital Wine Ventures (DW8) has experienced another month of record customer growth, signing 16 new customers in June
  • The company also signed 39 new customers for its WINEDEPOT business for the quarter, representing a growth of 111 per cent compared to the last quarter
  • WINEDEPOT is a specialised wine distribution platform that allows retailers to drop-ship orders to customers from multiple depots in Australia
  • Finally, the company has expanded its international presence after signing its first French producer, Chateau Picoron, last month
  • Digital Wine Ventures is up 5.41 per cent on the market this morning and shares are trading for 3.9 cents each

Digital Wine Ventures (DW8) has experienced another month of record customer growth, signing 16 new customers in June.

The company has signed 39 new customers for its WINEDEPOT business for the quarter, representing a growth of 111 per cent compared to the last quarter.

Digital Wine Ventures now has a total of 74 customers, representing just 2.7 per cent of the 2500+ wineries, one per cent of the 250+ spirits producers, and 0 per cent of the 2000+ distributors.

This shows that Digital Wine Ventures has only just scratched the surface of its potential market.

These customers are located in Margaret River, Western Australia, the Hunter Valley, NSW, the Mornington Peninsula, Victoria, and the Barossa Valley, SA.

The company also has around 500 New Zealand wineries.

Additionally, Digital Wine Ventures has signed a number of beverage producers such as Eagle Bay Brewing & Winery, Pure Vision, ALTD Spirits, and Old Young’s Distillery.

Launched in September 2019, WINEDEPOT is a specialised wine distribution platform that allows retailers to drop-ship orders to customers from multiple depots in Australia.

This reduces delivery times, freight costs, and breakages, making distribution more efficient for all sides.

Finally, Digital Wine Ventures has expended its international presence after signing its first French producer, Chateau Picoron, last month.

Digital Wine Ventures is up 5.41 per cent on the market this morning and shares are trading for 3.9 cents each at 11:44 am AEST.

DW8 by the numbers
More From The Market Online
The Market Online Video

Art Index: Bridging the gap between First Nations artists and the Reconciliation Plan

As the oldest continuous civilisation on earth, Indigenous Australians share an extensive history of visual storytelling.…

Nick Scali moves into the UK market through Fabb Furniture acquisition

Nick Scali has acquired UK-based Anglia Home Furnishings, operating under the brand Fabb Furniture.

Kogan shares smashed -26% on lacklustre quarterly update

"Kogan is pleased to announce continued strong profitability" is a strange opening for an announcement that…