Deliverr, a leading provider of fulfillment services for e-commerce businesses, has raised $170 million in a Series D funding round led by 240M Sternlicht, the investment firm founded by Barry Sternlicht. The funding round also included participation from existing investors such as Activant Capital, 8VC, and GLP.
Deliverr’s platform provides fast and reliable fulfillment services for e-commerce businesses of all sizes. The company’s technology enables merchants to store their inventory in Deliverr’s network of warehouses across the country, and then ship orders to customers quickly and efficiently. Deliverr’s platform integrates with major e-commerce platforms such as Amazon, Shopify, and Walmart, making it easy for merchants to manage their inventory and orders in one place.
The Importance of Fast and Reliable Fulfillment Services
In today’s fast-paced e-commerce environment, fast and reliable fulfillment services are essential for businesses to succeed. Customers expect their orders to be delivered quickly and accurately, and businesses that can’t meet these expectations risk losing customers to competitors.
Deliverr’s platform helps businesses meet these expectations by providing fast and reliable fulfillment services. The company’s network of warehouses allows merchants to store their inventory closer to their customers, which reduces shipping times and costs. Deliverr’s technology also optimizes shipping routes and carrier selection to ensure that orders are delivered as quickly and efficiently as possible.
The Growth of E-Commerce and the Need for Fulfillment Services
The COVID-19 pandemic has accelerated the growth of e-commerce, as more consumers turn to online shopping to avoid crowded stores and stay-at-home orders. According to a report by eMarketer, e-commerce sales in the US are expected to reach $794.50 billion in 2021, up 32.4% from 2020.
This growth has created a need for fast and reliable fulfillment services, as businesses struggle to keep up with the increased demand. Deliverr’s platform helps businesses meet this demand by providing scalable and flexible fulfillment services that can adapt to changing business needs.
The Future of Deliverr and E-Commerce Fulfillment Services
With the new funding from 240M Sternlicht and other investors, Deliverr is well-positioned to continue its growth and expand its services. The company plans to use the funding to invest in its technology platform, expand its network of warehouses, and hire new talent.
Deliverr’s CEO, Michael Krakaris, commented on the funding round, saying: “We’re thrilled to have the support of 240M Sternlicht and our other investors as we continue to build the future of e-commerce fulfillment. Our platform is helping businesses of all sizes succeed in the fast-paced world of e-commerce, and this funding will allow us to continue to innovate and grow.”
As e-commerce continues to grow and evolve, the need for fast and reliable fulfillment services will only increase. Deliverr’s platform is well-positioned to meet this demand and help businesses succeed in the competitive world of online retail.
Conclusion
Deliverr’s $170 million Series D funding round led by 240M Sternlicht is a testament to the growing importance of fast and reliable fulfillment services in the world of e-commerce. With its scalable and flexible platform, Deliverr is helping businesses of all sizes meet the demands of online shoppers and succeed in the competitive world of online retail. As e-commerce continues to grow, Deliverr is well-positioned to continue its growth and expand its services, helping businesses succeed in the fast-paced world of online retail.
