Shopify in talks to acquire tech startup Deliverr as it seeks logistics expansion

It is learned that according to foreign media reports, Shopify is negotiating to acquire technology startup Deliverr. If the negotiation goes smoothly, it will have a positive impact on Shopify's logistics service business.

Deliverr is reportedly headquartered in San Francisco. If the negotiations between the two parties are successful, Deliverr's market value will increase significantly to more than $2 billion. Sources familiar with the matter said that Deliverr has not made a final decision yet and the negotiations may fail.

According to Bloomberg data, if the acquisition negotiations are successful, it will be Shopify's largest deal ever. It will improve the tools on the Shopify platform and allow anyone to build an online store.

According to the company's official website, Deliverr helps merchants on Amazon, eBay, and other online marketplaces deliver products to consumers in two days or less. As competition in the online shopping market becomes increasingly fierce, fast delivery has become a must-have service for retailers.

Deliverr uses analysts to predict what items consumers will be interested in, such as art supplies, makeup, shampoo, and others. It then uses that data to stock the items in its warehouse network for fast delivery.

"The acquisition is a small step in the right direction for Shopify, especially as Amazon has doubled its logistics network over the past two years," said Bloomberg analyst Anurag Rana. "Unlike Amazon, Shopify doesn't own large distribution centers and relies on third-party companies to provide faster shipping services to its merchants."

According to reports, in November 2021, Deliverr received $250 million in financing led by Tiger Global, with a valuation of $2 billion. Deliverr's existing investors include 8VC, Activant, GLP, Brookfield Technology Partners and Coatue.

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