The e-commerce platform giant, Shopifyannounce the acquisition of Delivery manfor $2.1 billion. After acquiring the start maritime logistics, Shopify Also expect to quickly come up with a freebie that rivals Amazon.
Accelerate delivery time by 1 to 2 days
Shopify acquired the largest e-commerce platform acquisition Delivery man pay about $2.1 billion. The objective of the acquisition is to build an end-to-end logistics platform and to accelerate the growth of its delivery network.
pay the reminder, Delivery man Provides e-commerce order fulfillment and storage. He dispatch over one million orders from thousands of merchants in the United States each month. It has more than 80 warehouses, also with several transshipment facilities, 5 transportation centers and access to 12 carriers. According to the press release, the company’s software and its network of warehouses, carriers and last mile partners totally the self-contained, high-volume warehouse centers of Shopify.
Accordingly, the anniversary is a good new year for dealers Shopify. Indeed, the acquisition will reduce the complexity of the execution and will increase access to next day and 2 day shipping services.
More precisely, Shopify I will declare that Delivery man will fit into Shopify accomplishment network (DFS). The latter is a processing service for Shopify which dealers should use to stock inventory and fulfill orders, to improve dealers’ inventory management skills of DFS. The technology of Delivery man feed fairly Shop Promisea new service that offers customers two-day and tomorrow delivery, as well as expanded storage, shipping, pick-up and return options.
Shopify is affected by the end of the confinements.
The San Francisco-based logistics company was founded in 2017. Delivery man I raised $240m in a funding round in November 2021. The funds value the company at $2 billion, roughly what Shopify to abandon.
E-commerce platforms have seen their sales explode during the Covid crisis. However, the agreement came at a time when the growth of Shopify in slow motion at the end of the confinement. In the first quarter of 2022, the company’s revenue increased by 22% for the same period in 2021.
otherwise, Shopify keep all outstanding shares of Delivery manafter the terms of the agreement. The $2.1 billion acquisition will be 80% in spices. The rest of the funds will be regulated in action Shopify. The transaction will be finalized after a regulatory review of the agreement.