Next-day delivery platform Veho acquires QuikReturn

Veho, a startup that facilitates next-day delivery for e-commerce brands, has acquired QuikReturn, a reverse logistics firm serving online players and their customers in New York City and the surrounding area. 

Terms of the deal were not disclosed.

This is Veho’s first acquisition following its $300 million fundraise in two subsequent rounds in late 2021 and early 2022, with a most recent valuation of nearly $1.6 billion. 

“We have been incredibly impressed with the technology and carbon-neutral pickup platform the QuikReturn team has developed - both of which are complementary to Veho’s offering,” says Itamar Zur, Co-founder and CEO at Veho. 

“We are excited to bring onboard an exceptional team that shares not only our mission to help e-commerce brands increase customer loyalty through an incredible delivery and returns experience, but also our values of putting the human in the centre of everything we do for our customers, driver partners and our team members.”

“Integrating QuikReturn’s smart and user-friendly doorstep return solution into Veho’s offering will allow us to provide an even more exceptional service, and is an important step toward making doorstep returns a key driver of growth and customer retention for e-commerce brands.”

“We founded QuikReturn with the vision to reimagine the returns experience, and reverse logistics as a whole, for e-commerce companies and their customers – an area that is sorely overlooked by the logistics industry,” says QuikReturn Co-founder and CEO Ethan Susser. 

“Veho’s scale, speed of execution and focus on customer experience will allow us to realise our vision faster, and bring an incredible doorstep pickup experience to every market in the US.” 

AcquisitionsStaff WriterQuikReturn, Veho, Startups, E-commerce, Online delivery, Next day delivery, Acquisitions, Funding rounds, Reverse logisticsComment