This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Shopify to Buy E-Commerce Fulfillment Specialist Deliverr For $2.1 Billion
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Tech > Shopify to Buy E-Commerce Fulfillment Specialist Deliverr For $2.1 Billion
Tech

Shopify to Buy E-Commerce Fulfillment Specialist Deliverr For $2.1 Billion

Editorial Board Published May 5, 2022
Share
Shopify to Buy E-Commerce Fulfillment Specialist Deliverr For .1 Billion
SHARE

Shopify Inc. has agreed to buy U.S. fulfillment specialist Deliverr Inc. for $2.1 billion in a cash-and-stock deal, as the e-commerce platform moves to build out its order-fulfillment operations for online retailers looking to compete with Amazon. com Inc.

Contents
Newsletter Sign-upThe Logistics Report

The Canadian company said Thursday that it plans to merge Deliverr with its existing fulfillment network—anchored by the 6 River Systems business it acquired in 2019 for $450 million—to form a broader logistics unit headed by newly appointed chief executive of logistics, Aaron Brown.

Deliverr’s proprietary network of order-management software, software developers and fulfillment specialists will join Shopify, giving the e-commerce platform greater visibility and control over movements along the supply chain.


Newsletter Sign-up

The Logistics Report

Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology.


The acquisition will help Shopify “accelerate its roadmap by assembling an end-to-end logistics platform that manages inventory from port to porch and across all sales channels,” Shopify Chief Financial Officer Amy Shapero said in an investor earnings call Thursday.

San Francisco-based Deliverr was founded in 2017, joining a growing ecosystem of logistics providers for e-commerce retailers, and has been expanding its quick-shipping services across major sales channels and marketplaces.

In November 2021, Deliverr picked up $240 million in venture-capital funding led by Tiger Global Management, with other backing from 8VC, Activant Capital, GLP, Brookfield Technology Partners and Coatue Management. That founding round brought the company’s valuation to $2 billion, more than double the level at the previous round.

Deliverr’s technology integrates third-party sellers—often merchants who sell $1 million or more of merchandise—with major e-commerce sites including Amazon.com Inc., eBay Inc. and Walmart Inc. and helps them move their products to consumers in one to two days.

While companies like Amazon and Walmart fulfill their orders from their giant warehouses, Deliverr’s main customers ship their orders through a range of sites that may include Fulfillment by Amazon, their own warehouses or even garages in some cases.

Under the terms of the agreement, Shopify will acquire all of Deliverr’s shares outstanding, with 80% of the $2.1 billion in cash and the remainder through the issue of Shopify Class A subordinate voting shares.

Shopify has cast its e-commerce tools, which sellers can integrate into their online sales sites, as a solution for merchants to reach customers outside Amazon third-party marketplace and its vast logistics network.

The deal comes amid warnings by Shopify of slowing growth trends in the industry. Since early 2021, the company said surging demand that had sent profits and sales soaring during the pandemic would slow as governments withdrew stimulus and eased lockdowns across their markets began to ease.

Amazon last week reported that sales growth in its flagship digital-sales operation had stalled, and recent government measures show the share of retail sales that occur online have been receding.

In step with other tech companies, Shopify has seen its share price crumble in recent months. Shares have lost more than 70% of their value since the beginning of January, trading as low as $395.86 a share in trading Thursday before settling at around $400.

In its first quarter, Shopify reported a net loss of $1.47 billion compared with a profit of $1.26 billion a year ago on revenue of $1.2 billion.

Total revenue in the period rose significantly from the $988.6 million in last year’s first quarter but fell just shy of analyst expectations of $1.24 billion.

Shopify and Deliverr said they expect the transaction to close following a regulatory review.

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:Tech NewsWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Digital-Ad Giants Google, Facebook, Amazon Come Down From Pandemic Highs Digital-Ad Giants Google, Facebook, Amazon Come Down From Pandemic Highs
Next Article Facebook Deliberately Caused Havoc in Australia to Influence New Law, Whistleblowers Say Facebook Deliberately Caused Havoc in Australia to Influence New Law, Whistleblowers Say

Editor's Pick

Lil Tay Likens OF Success to Sydney Sweeney, Sabrina Carpenter

Lil Tay Likens OF Success to Sydney Sweeney, Sabrina Carpenter

Studying Time: 3 minutes Lil Tay is on par with Sydney Sweeney and Sabrina Carpenter, to listen to her inform…

By Editorial Board 5 Min Read
Alabama city mourns 16-year-old killed in crash: ‘Her presence made every circle better’
Alabama city mourns 16-year-old killed in crash: ‘Her presence made every circle better’

Town of Jackson is reeling this week after the lack of 16-year-old…

6 Min Read
Son of Warriors proprietor Joe Lacob stepping away from entrance workplace job
Son of Warriors proprietor Joe Lacob stepping away from entrance workplace job

Kent Lacob, son of Warriors proprietor Joe Lacob, is stepping down from…

3 Min Read

Oponion

Dwelling sellers face harsh new actuality as listings hit report 8B worth

Dwelling sellers face harsh new actuality as listings hit report $698B worth

The U.S. actual property market is about to see a…

June 9, 2025

Chris Licht, new CNN boss, to ‘double-down on what’s working well and quickly eliminate what’s not’

NEW YORK — CNN’s future leader,…

February 28, 2022

Asking Eric: My cousin is demanding we assist her alarmingly dangerous selections

Pricey Eric: My cousin (extra like…

March 23, 2025

Thunderstorms with marble-sized hail in Cell County Saturday

A climate alert was issued by…

March 16, 2025

Best YTT Yoga School a Journey from Student to Teacher: Transformative Yoga Retreats in Asia

In recent years, Bali has become…

July 26, 2025

You Might Also Like

You In all probability Don’t Have to Drink Electrolyte Water Each Day
Tech

You In all probability Don’t Have to Drink Electrolyte Water Each Day

Wellness advertising and marketing is slightly uncontrolled, and electrolytes are as buzzy because it will get. Touted by influencers and…

8 Min Read
Need Your Wavy or Curly Hair to Look Its Greatest? It Helps to Know Your Curl Sort
Tech

Need Your Wavy or Curly Hair to Look Its Greatest? It Helps to Know Your Curl Sort

Like, as an illustration, how one can brush them. My mom has straight hair and did not fairly perceive how…

5 Min Read
Faculty Is Costly. Store These Again-to-College Discounted Laptops to Save
Tech

Faculty Is Costly. Store These Again-to-College Discounted Laptops to Save

The laptop computer you carry to school is essential. Not solely is it the machine you may be utilizing via…

15 Min Read
Your Out of doors Air High quality Monitor May Result in Safer Air for Everybody
Tech

Your Out of doors Air High quality Monitor May Result in Safer Air for Everybody

It wasn’t that way back that few individuals had been monitoring the air—not the federal government, not its residents. At…

7 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?