Shopify buys e-commerce fulfillment startup Deliverr for $2.1Bn

Canadian multinational e-commerce company, Shopify has recently announced that it will be acquiring Deliverr, a California-based e-commerce fulfillment startup, in cash and stock for $2.1 billion. The deal is said to be the largest acquisition in the history of Shopify.

Tobi Lütke, Shopify founder and CEO, said it would empower the firm to build an end-to-end logistics platform for thousands of merchants.

While sharing the acquisition details in a blog post, Lutke said that the aim is to level the playing field for independent organizations as well as incline it in their favor, turning their agility and size into their superpower.

Shopify Fulfillment Network (SFN), along with Deliverr, will offer access to a powerful, simple and logistic platform that will empower millions of growing businesses to make their customer pleased again and again.

According to Shopify, this acquisition of Deliverr with SFN— Shopify’s fulfillment service that can be used by merchants for store inventory and fulfilling orders – will solidify SFN’s merchant inventory management potentials .

The technology of Deliverr will also influence Shop Promise. This new service will provide customers with the next-day and two-day delivery and expand the options for freight, storage, inventory preparations, and returns.

Harish Abbott, Deliverr co-founder and CEO, said that the expertise and technology in inventory placement, inventory management and demand chain associates seamlessly with Shopify’s roadmap, qualifying the firm to build an end-to-end logistic platform together.

Shopify has constantly been working on enlightening the future of merchant-first fulfillment solutions, and the team has been well recognized for helping businesses of all sizes streamline their operations.

Mr. Abbott added that the firm is excited about collaborating with Shopify and aiding them in their mission of making ecommerce better for everyone while standardizing shipping and fulfillment for independent entrepreneurs.

Source Credit - https://techcrunch.com/2022/05/05/shopify-acquires-shipping-logistics-startup-deliverr-for-2-1b/