According to people familiar with the matter cited by Bloomberg and Yahoo News, the move would help the Canadian ecommerce company expand in fulfillment services. A deal could value US-based Deliverr at more than USD 2 billion, whilst no final decision has so far been made, according to Bloomberg sources.
Deliverr uses analysts to predict where people might be interested in buying art supplies, makeup, shampoo and other goods. Then it uses that information to position items in its warehousing network to achieve swift delivery.
In November 2021, Deliverr raised USD 250 million in a funding round led by Tiger Global at a valuation of $2 billion, a statement showed. Existing investors including 8VC, Activant, GLP, Brookfield Technology Partners and Coatue also participated.
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