Deliverr
{{short description|E-commerce fulfillment company}}
{{Infobox company
| name = Deliverr
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| type = Corporation
| industry = Shipping
| fate = Acquired by Flexport
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| founded = July 28, 2017 in Delaware
| founders = Harish Abbott and Michael Krakaris
| defunct =
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| website = {{URL|https://deliverr.com/}}
}}
Deliverr is an E-commerce fulfillment company based in the United States of America.{{Cite web |title=Deliverr - Headquarter Locations, Products, Competitors, Financials, Employees |url=https://www.cbinsights.com/company/deliverr |access-date=2022-07-18 |website=www.cbinsights.com}} They integrate with eCommerce marketplaces, such as Walmart, eBay, Amazon, Shopify, Wish, and BigCommerce, offering two-day shipping to merchants selling on Walmart's online marketplace, and similar service with other online marketplaces.{{Cite web|last=Gonzalez|first=Guadalupe|date=2019-04-18|title=Meet the 24-Year-Old Founder of Deliverr, Walmart's Brand-New Secret Weapon|url=https://www.inc.com/guadalupe-gonzalez/deliverr-shipping-services-ecommerce-ebay-walmart-30-under-30-2019.html|access-date=2020-12-20|website=Inc.com|language=en}}{{Cite web|title=Solution Overview|url=https://deliverr.com/solution-overview/|access-date=2020-12-20|website=Deliverr|language=en-US}}
Deliverr was co-founded in 2017 by former Symphony Commerce colleagues Harish Abbott and Michael Krakaris,{{Cite web|last=Sternlicht|first=Alexandra|title=Deliverr, Cofounded By 25-Year-Old, Raises $40 Million Series C To Power Ultra-Fast Ecommerce Fulfillment|url=https://www.forbes.com/sites/alexandrasternlicht/2020/02/05/deliverr-cofounded-by-25-year-old-raises-40-million-series-c-to-power-ultra-fast-ecommerce-fulfillment/|access-date=2020-12-20|website=Forbes|language=en}} the latter of whom made the Forbes 30 under 30 list in 2019.{{Cite web|last=|first=|date=|title=Profile: Michael Krakaris|url=https://www.forbes.com/profile/michael-krakaris/|url-status=live|archive-url=https://web.archive.org/web/20200418195735/https://www.forbes.com/profile/michael-krakaris/ |archive-date=2020-04-18 |access-date=2020-12-20|website=Forbes|language=en}} They have raised multiple rounds of funding totaling $490.9 million in capital.{{r|tc}} Their Series F funding round, led by Tiger Global, valued the company at $2 billion post-money.{{Cite news|last=Smith|first=Jennifer|date=2019-09-24|title=E-Commerce Fulfillment Specialist Deliverr Adds $23 Million in Funding|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/e-commerce-fulfillment-specialist-deliverr-adds-23-million-in-funding-11569319200|access-date=2020-12-20|issn=0099-9660}}{{Cite web |title=Shopify acquires shipping logistics startup Deliverr for $2.1B |url=https://techcrunch.com/2022/05/05/shopify-acquires-shipping-logistics-startup-deliverr-for-2-1b/ |access-date=2022-05-05 |website=TechCrunch}}
On May 5, 2022, Deliverr was acquired by Shopify for US$2.1 billion in cash and stock.{{Cite web |title=Shopify reaches deal to buy logistics company Deliverr for US$2.1 billion - National {{!}} Globalnews.ca |url=https://globalnews.ca/news/8811385/shopify-deliverr-deal/ |access-date=2022-05-05 |website=Global News |language=en-US}}
On June 6, 2023, Flexport announced the successful completion of its acquisition of Shopify Logistics, including Deliverr, Inc.https://www.prnewswire.com/news-releases/flexport-adds-fulfillment-b2b-distribution-and-last-mile-delivery-to-its-end-to-end-supply-chain-capabilities-with-the-successful-acquisition-of-shopify-logistics-301843642.html?tc=eml_cleartime
References
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External links
- {{official website|https://deliverr.com/}}
Category:E-commerce in the United States
Category:2022 mergers and acquisitions
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