Deliverr Raises $170M in Series D Funding Led by SoftBank
Deliverr, a California-based startup that provides fulfillment services for e-commerce businesses, has raised $170 million in a Series D funding round led by SoftBank Vision Fund 2. The round also saw participation from existing investors including Activant Capital, 8VC, and GLP. With this latest funding, Deliverr’s total funding has now reached $240 million.
Founded in 2017, Deliverr offers a range of services to help e-commerce businesses manage their inventory and fulfill orders quickly and efficiently. The company uses a network of warehouses across the United States to store products and offers two-day delivery for orders placed on popular e-commerce platforms such as Amazon, Walmart, and eBay.
Expanding its Fulfillment Network
With the new funding, Deliverr plans to expand its fulfillment network and improve its technology platform. The company aims to increase its network of warehouses across the United States and offer faster delivery times to customers. Deliverr also plans to invest in its technology platform to provide more data analytics and insights to its customers.
Meeting the Growing Demand for E-commerce Fulfillment Services
The COVID-19 pandemic has accelerated the shift towards e-commerce, with more consumers shopping online than ever before. This has led to a surge in demand for e-commerce fulfillment services, as businesses struggle to keep up with the increased volume of orders.
Deliverr’s services have become increasingly popular among e-commerce businesses looking for a reliable and efficient way to manage their inventory and fulfill orders. The company’s two-day delivery promise has also helped it stand out in a crowded market.
Competing with Amazon
Amazon dominates the e-commerce fulfillment market, with its vast network of warehouses and delivery infrastructure. However, Deliverr aims to offer an alternative to Amazon’s services, particularly for businesses that sell on multiple platforms.
By offering fast and reliable fulfillment services for orders placed on Amazon, Walmart, and other e-commerce platforms, Deliverr is positioning itself as a viable alternative to Amazon’s own fulfillment services. The company’s focus on data analytics and insights also sets it apart from Amazon, which has been criticized for its lack of transparency and communication with third-party sellers.
The Future of E-commerce Fulfillment
The e-commerce market is expected to continue growing in the coming years, driven by the increasing popularity of online shopping and the rise of new technologies such as augmented reality and virtual reality. This presents a significant opportunity for companies like Deliverr, which are focused on providing efficient and reliable fulfillment services to e-commerce businesses.
However, the e-commerce fulfillment market is also highly competitive, with Amazon and other large players dominating the space. To succeed in this market, companies like Deliverr will need to continue innovating and improving their services to meet the evolving needs of e-commerce businesses.
Conclusion
Deliverr’s latest funding round is a testament to the growing demand for e-commerce fulfillment services and the company’s ability to meet that demand. With its focus on expanding its fulfillment network and improving its technology platform, Deliverr is well-positioned to compete with Amazon and other large players in the e-commerce fulfillment market. As the e-commerce market continues to grow, companies like Deliverr will play an increasingly important role in helping businesses manage their inventory and fulfill orders quickly and efficiently.
