Shopify to Acquire Deliverr for $2.1 Billion
Shopify, the Canadian e-commerce company, announced it was acquiring Deliverr, a fulfillment tech company for $2.1 billion back in May. The idea is that they’d use Deliverr’s logistics network for Shopify’s own delivery needs. With the rise of Amazon Prime, the competition for two-day delivery has grown fierce. Deliverr rents warehouse space in particular locations determined through machine learning analytics to “pre-position” their products for easier delivery. Shopify needs this now since it has suffered in the post-pandemic tech pseudo recession, according to Protocol.
