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 Coatue [1]. The funding round also included participation from Brookfield Technology Partners, Activant Capital, 8VC, and GLP, bringing its total funding to $240 million [1][2][3].
Deliverr’s mission is to provide an affordable alternative to Amazon Prime for e-commerce businesses. The company offers fast and reliable fulfillment services that enable small and medium-sized businesses to compete with larger retailers [1]. With this latest funding, Deliverr plans to scale its operations and expand its network of warehouses across the United States [1][2].
Fast and Reliable Fulfillment Services
Deliverr’s fulfillment process is straightforward. When a customer orders something from a Deliverr partner retailer, the retailer ships the order to one of Deliverr’s warehouses. Deliverr then consolidates the order with other orders headed to the same area. A local courier picks up the consolidated order and delivers it to the customer, often within hours of placing the order [5].
Deliverr’s fast and reliable fulfillment services have made it a popular choice among e-commerce businesses. The company’s platform integrates with popular e-commerce platforms such as Shopify, Walmart Marketplace, and eBay, making it easy for businesses to manage their orders and inventory [1].
Expanding its Network of Warehouses
With the latest funding, Deliverr plans to expand its network of warehouses across the United States. The company currently has warehouses in California, Texas, Pennsylvania, and Georgia. By expanding its network of warehouses, Deliverr aims to provide faster delivery times and reduce shipping costs for its customers [1][2].
Deliverr also plans to invest in technology and automation to improve its fulfillment process. The company has already developed a proprietary algorithm that predicts demand and optimizes inventory levels, reducing the risk of overstocking or stockouts [1].
Competing with Amazon Prime
Deliverr’s mission is to provide an affordable alternative to Amazon Prime for e-commerce businesses. Amazon Prime offers fast and free shipping for its customers, but it can be expensive for small and medium-sized businesses to compete with Amazon’s logistics network [1].
Deliverr aims to level the playing field by providing fast and reliable fulfillment services at a lower cost. The company charges a flat fee per item, which includes storage, picking, packing, and shipping. This pricing model makes it easy for businesses to calculate their fulfillment costs and avoid unexpected fees [1].
The Benefits of Deliverr
Deliverr’s fast and reliable fulfillment services have made it a popular choice among e-commerce businesses. The company’s platform integrates with popular e-commerce platforms, making it easy for businesses to manage their orders and inventory. Deliverr charges a flat fee per item, which includes storage, picking, packing, and shipping, making it easy for businesses to calculate their fulfillment costs [1][5].
With the latest funding, Deliverr plans to expand its network of warehouses across the United States, providing faster delivery times and reducing shipping costs for its customers. The company also plans to invest in technology and automation to improve its fulfillment process [1][2].
Conclusion
Deliverr’s $170 million Series D funding round led by Coatue is a significant milestone for the California-based startup. With this latest funding, Deliverr plans to scale its operations and expand its network of warehouses across the United States. The company’s fast and reliable fulfillment services have made it a popular choice among e-commerce businesses looking for an affordable alternative to Amazon Prime. Deliverr’s mission is to level the playing field for small and medium-sized businesses by providing fast and reliable fulfillment services at a lower cost.