Deliverr Raises $250 Million at $2 Billion Valuation for E-commerce Industry

Deliverr is a start-up that developed a technology for e-commerce fulfillment for merchants on a marketplace platform, such as Amazon, eBay, Shopify, Walmart, etc. The technology analyzes product demand, which is based on different variables, after that, items are positioned close to demand.

The Series E round was led by Tiger Global Management. Among other investors were 8VC, Activant, GLP, Brookfield Technology Partners, and Coatue Management. The funds raised will be used for commercial operations acceleration, as well as the development of geographical expansion.

Deliverr was founded in 2017 in Delaware, the USA, by Harish Abbott and Michael Krakaris. The company’s approach is to establish a network of more than 80 warehouses, sort centers, and cross-docks. The aim is to one-day fulfillment service to the largest metropolitan areas. “Demand remains at elevated levels from the pandemic. Labor pool constraints made us more creative in our partnerships and expansion strategies.”, Harish Abbott said.

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