Deliverr, a leading fulfillment platform for e-commerce businesses, has raised $135 million in a Series D funding round led by Coatue and 240M. The funding round also saw participation from existing investors such as Activant Capital, 8VC, and GLP. The latest funding brings Deliverr’s total funding to $240 million, and the company is now valued at $1.5 billion.
Deliverr was founded in 2017 by Michael Krakaris and Harish Abbott with the aim of providing fast and affordable fulfillment services to e-commerce businesses of all sizes. The company’s platform connects merchants with a network of warehouses across the US, enabling them to store their inventory closer to their customers and fulfill orders faster.
The Growing Demand for Fast and Affordable Fulfillment Services
The e-commerce industry has been growing rapidly over the past few years, and the COVID-19 pandemic has only accelerated this trend. With more people shopping online than ever before, e-commerce businesses are under increasing pressure to provide fast and affordable shipping options to their customers.
This is where Deliverr comes in. By providing a network of strategically located warehouses and a streamlined fulfillment process, the company enables e-commerce businesses to offer fast and affordable shipping options to their customers. This not only helps businesses attract and retain customers but also helps them compete with larger players such as Amazon.
The Benefits of Deliverr’s Platform
Deliverr’s platform offers a number of benefits to e-commerce businesses. Firstly, it enables them to store their inventory closer to their customers, which reduces shipping times and costs. This is particularly important for businesses that sell large or heavy items that are expensive to ship over long distances.
Secondly, Deliverr’s platform is highly scalable, which means that businesses can easily increase or decrease their inventory levels as demand fluctuates. This helps businesses avoid the costs and risks associated with holding excess inventory or running out of stock.
Finally, Deliverr’s platform is fully integrated with leading e-commerce platforms such as Shopify, Walmart, and eBay, which makes it easy for businesses to manage their inventory and fulfill orders from a single dashboard.
The Future of Deliverr
With the latest funding round, Deliverr is well-positioned to continue its rapid growth and expansion. The company plans to use the funds to expand its network of warehouses, hire more employees, and invest in technology and infrastructure.
In a recent interview with Forbes, Deliverr CEO Michael Krakaris said that the company’s goal is to become the “default fulfillment provider for e-commerce businesses of all sizes.” He added that the company’s focus on affordability and scalability sets it apart from other players in the market.
The Importance of Fast and Affordable Fulfillment Services
The COVID-19 pandemic has highlighted the importance of fast and affordable fulfillment services for e-commerce businesses. With more people shopping online than ever before, businesses that are unable to offer fast and affordable shipping options risk losing customers to competitors.
This is why companies like Deliverr are so important. By providing a network of strategically located warehouses and a streamlined fulfillment process, they enable businesses of all sizes to offer fast and affordable shipping options to their customers. This not only helps businesses attract and retain customers but also helps them compete with larger players such as Amazon.
Conclusion
Deliverr’s latest funding round is a testament to the growing demand for fast and affordable fulfillment services in the e-commerce industry. With its network of strategically located warehouses and scalable platform, the company is well-positioned to continue its rapid growth and expansion. As more businesses turn to e-commerce to reach customers, companies like Deliverr will play an increasingly important role in helping them succeed.
