Deliverr, a leading e-commerce fulfillment company, has recently raised $170 million in a Series D funding round led by Fidelity Management & Research Company LLC. The funding round also included participation from existing investors, including Coatue, 8VC, and Softbank Vision Fund 2. In addition to this, Deliverr also secured $240 million in debt financing from Starwood Property Trust CEO Barry Sternlicht’s investment firm, Jaws Estates Capital.
This latest funding round brings Deliverr’s total funding to over $240 million, making it one of the most well-funded companies in the e-commerce fulfillment space. The company plans to use the funds to expand its operations, hire new talent, and invest in technology to improve its services.
What is Deliverr?
Deliverr is an e-commerce fulfillment company that helps sellers store their products in its network of warehouses across the United States. The company then picks, packs, and ships these products on behalf of the sellers, enabling them to offer fast and affordable shipping to their customers. Deliverr’s platform integrates with popular e-commerce platforms like Shopify, Walmart, and Amazon, making it easy for sellers to manage their inventory and orders.
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 put pressure on e-commerce sellers to offer fast and reliable shipping to their customers. According to a survey conducted by Deloitte, 75% of consumers expect delivery within five days of placing an order, and 40% expect delivery within two days.
To meet this growing demand for fast shipping, e-commerce sellers are turning to third-party fulfillment providers like Deliverr. These providers offer a range of services, including warehousing, order fulfillment, and shipping, allowing sellers to focus on growing their business instead of managing logistics.
The Benefits of Using Deliverr
There are several benefits to using Deliverr for e-commerce fulfillment. Firstly, the company offers fast and affordable shipping options, including two-day and next-day delivery, which can help sellers compete with larger retailers. Secondly, Deliverr’s platform integrates with popular e-commerce platforms, making it easy for sellers to manage their inventory and orders. Finally, Deliverr’s network of warehouses across the United States means that sellers can store their products closer to their customers, reducing shipping times and costs.
The Future of E-commerce Fulfillment
The e-commerce fulfillment space is expected to continue growing in the coming years as more consumers shop online. According to a report by Grand View Research, the global e-commerce fulfillment services market is expected to reach $168 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027.
As the demand for e-commerce fulfillment services grows, companies like Deliverr are well-positioned to benefit. With its recent funding round, Deliverr plans to expand its operations and invest in technology to improve its services. This will enable the company to continue offering fast and affordable shipping options to e-commerce sellers, helping them compete with larger retailers.
Deliverr’s recent funding round is a testament to the growing demand for e-commerce fulfillment services. As more consumers shop online, e-commerce sellers are turning to third-party providers like Deliverr to offer fast and reliable shipping to their customers. With its network of warehouses across the United States and integration with popular e-commerce platforms, Deliverr is well-positioned to benefit from this trend. The company’s recent funding will enable it to expand its operations and invest in technology to improve its services, further cementing its position as a leader in the e-commerce fulfillment space.