SAN FRANCISCO – Deliverr, an ecommerce processing and technology company that provides fast and affordable order fulfillment services to ecommerce merchants on marketplace platforms like Shopify, Walmart, Amazon, eBay, Target, and others, has raised $ 250 million in a Series E fundraiser led by new investor Tiger Global. Existing investors, 8VC, Activant, GLP, Brookfield Technology Partners and Coatue also participated in the round.
This new capital will be used to speed up business operations and expand Deliverr’s next day fulfillment service to online merchants of all sizes across the country. The funding also brings Deliverr’s valuation to $ 2 billion, more than double the last funding round at the start of the year. This new increase positions the startup as the best capitalized and most valued company in the field of order processing and e-commerce logistics.
âThe most effective way to deal with supply chain congestion is to bring inventory closer to the end customer. Deliverr is the only company working to solve this problem through better inventory placement, while leveraging cutting-edge learning and optimization technology to create a smarter fulfillment network, â said Harish Abbott, co-founder and CEO of Deliverr. âWith this new capital, Deliverr will focus on scaling next day order fulfillment for e-commerce merchants and will grow our team of engineers, data scientists and operations experts. world class. “
Deliverr’s fast and affordable ecommerce execution helps thousands of merchants sell more with higher conversions and lower ad spend. Ultimately, this allows traders to grow faster. Merchants on Deliverr has grown 90% year over year compared to e-commerce growth rates at a fraction of that rate.
Deliverr uses predictive analytics to anticipate product demand based on demographics, geography, and other variables. Deliverr then uses this analysis to preposition the items close to demand. The company’s advanced deployment network includes more than 80 warehouses, cross-docks and sorting centers. By storing items close to places of demand, Deliverr reduces the number of miles a product travels and enables next day e-commerce execution at affordable costs.
In today’s consumer markets, demand for next-day and two-day delivery for online shopping is escalating, even as supply chain issues are obstructing delivery operations for traders around the world whole.
âDeliverr is well positioned to lead the e-commerce execution space as multiple market forces converge,â said John Curtius, partner at Tiger Global. âAs the global supply chain remains challenged due to the crippling impact of the coronavirus pandemic, online sales volumes and consumer demand for next day delivery are expected to set new records. No other company at the forefront of order processing infrastructure and technology will be able to solve supply chain disruptions, offer merchants next day delivery and save money. money to traders, all at the same time.
In just over three years of operation, the Deliverr network is on track to supply more than $ 2.5 billion in GMV by the end of 2021. Today, half of the American population lives in less than 160 km from a Deliverr network.