Bloomberg News: Shopify Reportedly in Talks to Acquire Tech Startup Deliverr

Apr 21, 2022

(Image Source: Bloomberg News)

Shopify is looking to purchase technology startup Deliverr, a move that would help the former expand in its fulfillment services. While the final decision is yet to be made, the deal could potentially value Deliverr at more than $2 billion. Just in November, the San Francisco-based firm raised a $250M Series E led by Tiger Global. The company has since worked on growing its shipping network, supporting product development, and bringing on more employees.

During the pandemic-driven e-commerce boom, Shopify soared in market value under the leadership and guidance of CEO Tobi Lutke. If talks are successful, this would also mark its largest business to-date. According to Bloomberg Intelligence analyst Anurag Rana, the deal “would be a small step in the right direction, especially as has doubled its logistics network in the past two years.” 

Did you know that 59% of shoppers would buy more for free shipping?
Sign up now to unlock all our data-driven reports!

As the online shopping market became increasingly competitive, fast shipping has become a must-have service for retailers. Leveraging data and analytics, Deliverr predicts consumer behavior and position items in its warehousing network to achieve swift delivery of orders.  “Unlike Amazon, Shopify doesn’t own large distribution centers and depends on third-party companies to provide faster shipping to its merchants,” mentioned Anurag. As such, it would definitely benefit all parties involved if the deal was to come to fruition. 

Source: Shopify is in talks to buy tech startup Deliverr  

For more exclusive reports, insights, and interviews on the latest updates in e-commerce and logistics, follow us on LinkedIn or join our community as a member.

Share this with your network

Also worth your time

Follow us on LinkedIn
Stay connected with us

Track your parcel here

More discoveries

Unpacking Supply Chain Digitization for Micro-Retailers

Jul 04, 2022

Business Wire: Convoy Strategically Expands Alliance with MercuryGate

Jul 01, 2022

Funding Roundup: Fresh Funds Raised by Solv, ShopUp, Nautical Commerce and Others

Jul 01, 2022

TechCrunch: Pinterest Elects Google Exec, Bill Ready, as New CEO

Jun 30, 2022

Tech in Asia: Zomato Signs Acquisition Deal with Blinkit for $578M

Jun 29, 2022

Supply Chain Quarterly: Walmart Inducts High-Tech Tablets in Freight Trucks

Jun 28, 2022

State of E-Commerce in Germany 2021

Jun 28, 2022

Guest Post: 5 Effective Ways Technology Enhances Customer Retention

Jun 27, 2022

Alcott Global Podcast: Supply Chain Tech is Here to Stay

Jun 27, 2022

Business Wire: Shipbob Appoints Kamal Sundar As New Supply Chain Leader

Jun 24, 2022

Guest Post: Ultimate E-Commerce Strategies for the Summer Season

Jun 24, 2022

Guest Post: 9 Important Practices for Proper Inventory Management for Startups

Jun 23, 2022

Logistics Management: Fedex and Fourkites Join Forces for New Supply Chain Capabilities

Jun 23, 2022

Retail Dive: Simon Pilots Innovative Search Tool for Shoppers

Jun 22, 2022

Top E-Commerce Trends to Watch this Summer

Jun 21, 2022

Your Story: Delhivery Introduces Same-Day Deliveries for D2C Companies

Jun 21, 2022

Guest Post: Artificial Intelligence in E-Commerce: What’s Next

Jun 21, 2022

Guest Post: How Digital Marketing & Advertising Can Help Grow Your eCommerce Business

Jun 20, 2022

Funding Roundup: New Funds Secured by Zoovu, Cartlow, Khazenly and Others

Jun 17, 2022

Guest Post: 11 Ways to Optimize Your Online Store for Better Conversions

Jun 17, 2022

Apex Insight: Doddle Rolls Out Automated Returns Kiosks

Jun 17, 2022

Unpacking Returns Management in E-Commerce

Jun 17, 2022

Interview with Wilfred Lam: Omnichannel Logistics at LUXASIA

Jun 16, 2022

Fashion Network: Pimberly Strengthens Board with New Member, Dr. Beatrice Lafon

Jun 16, 2022

Yahoo News: Amazon Sets to Launch Prime Air Drone Deliveries

Jun 15, 2022