DailyHum Logo
Deliverr raises $250M to grow its ecommerce fulfillment network
Nov 22, 2021 | Venture Beat
Picture - Deliverr raises $250M to grow its ecommerce fulfillment network

While ecommerce sales are on the rise — with revenue projected to increase from $2.3 billion in 2018 to $4.5 billion by the end of 2021 — fulfillment remains a challenge as the pandemic snarls the supply chain. As early as July, a U.S. Census Bureau survey f0und that 38.8% of U.S. small businesses were experiencing domestic supplier delays. Shoppers tend not be very understanding of of disruptions, unfortunately, with 38% saying that they’ll abandon their order if the delivery is estimated to take longer than a week.

Against this backdrop, Deliverr, an ecommerce fulfillment startup headquartered in San Francisco, today announced that it raised $250 million in series E funding, bringing its total raised to over $500 million. The round, which was led by Tiger Global with participation from 8VC, Activant, GLP, Brookfield Technology Partners, and Coatue, values Deliverr at $2 billion post-money.

14 hours ago | Venture Beat
How Hiya taps AI to kill phone spam
Sponsored
Nov 24, 2021 | Venture Beat
The shape of edge AI to come
Chasing Oregon’s Watery Wonders
18 hours ago | Atlas Obscura
Travel