Deliverr Series Coatue 240msternlichtforbes
Deliverr’s Series C round was led by Coatue and also included participation from DST Global, GGV Capital, FirstMark Capital, and Sternlight Partners. This brings Deliverr’s total funding to $240 million.
This past year, e-commerce sales saw an unprecedented growth of 44%. While giants such as Amazon and Walmart dominated the market with their vast scale and same-day shipping capabilities, Deliverr, a logistics and fulfilment company that expedites shipping without charging consumers more, managed to capture a piece of the pie.
Deliverr’s focus on speed and affordability has allowed it to stand out in the e-commerce landscape. The company partners with over 5,000 retailers and has fulfilment centres in major metropolitan areas across the United States. This gives Deliverr the ability to offer same-day or next-day shipping to 90% of the US population.
With this latest round of funding, Deliverr plans to expand its operations and logistics capabilities. The company is also looking to develop its technology platform further to provide even more value to its customers. Deliverr is well-positioned to capitalize on the growing e-commerce market and continue its impressive growth trajectory.
What is Deliverr?
Deliverr is a logistics and fulfilment company that expedites shipping without charging consumers more. The company partners with thousands of retailers and brands, such as Macy’s, Target, and Best Buy, to provide competitively two-day or next-day shipping. Deliverr was founded in 2014 by Robert Lee and Michael Krakaris.
How does Deliverr work?
When a customer orders a product from one of Deliverr’s partners, the company uses its algorithms to determine the most efficient way to get the product to the customer’s doorstep. Sometimes, this may mean the product is shipped directly from the retailer’s or brand’s warehouse. In other cases, Deliverr will ship the product from one of its warehouses.
Deliverr’s warehouses are located across the United States, and the company plans to expand its operations to Europe and Asia soon. Deliverr has raised $240 million from investors, including Coatue, Sternlight, and Forbes. Deliverr is headquartered in San Francisco.
What are Deliverr’s plans for the future?
Deliverr plans to expand its geographic reach, increase the number of products available for two-day or next-day shipping, and invest in technology to optimize its warehousing and logistics network further. This will allow Deliverr to provide even faster and more efficient shipping to its customers. Deliverr is committed to providing the best possible shipping experience for its customers and will continue to invest in improvements to its service.
The opportunity in e-commerce
Is huge. Deliverr’s Series Coatue is growing at a breakneck pace, and e-commerce is quickly becoming the preferred shopping method for consumers. Including keywords in your content will help you rank higher in search engine results pages (SERPs), helping you to reach more potential customers.
The future of Deliverr
It looks bright. The company is expanding its geographic reach, increasing the number of products available for two-day or next-day shipping, and investing in technology to optimize its warehousing and logistics network further. Deliverr is well on becoming the go-to choice for eCommerce businesses.
With a $240 million investment from Coatue, Deliverr is well-positioned to continue its growth trajectory. The company has plans to use the funding to expand its geographic footprint, increase the number of products available for two-day or next-day shipping, and invest in technology to optimize its warehousing and logistics network further. Deliverr is quickly becoming the go-to choice for eCommerce businesses.
Forbes has named Deliverr one of the most promising startups of 2019, and it is clear that the company is on track to revolutionize the eCommerce landscape. With its innovative logistics and customer service approach, Deliverr is poised for continued success in the coming years.