Shopify announces landmark Deliverr acquisition
Shopify is to acquire Deliverr, an e-commerce fulfilment startup, for $2.1 billion in cash and stock.
This is the largest acquisition in Shopify’s history, with Founder and CEO Tobi Lütke saying that it will enable the company to create an “end-to-end logistics” platform for millions of merchants.
“Our goal is to not only level the playing field for independent businesses, but tilt it in their favour - turning their size and agility into their superpower,” Lütke says.
“Together with Deliverr, Shopify Fulfilment Network (SFN) will give millions of growing businesses access to a simple, powerful logistics platform that will allow them to make their customers happy over and over again.”
“Our technology and expertise in inventory management, inventory placement, and demand chain combines perfectly with Shopify’s roadmap, enabling us to now build an end-to-end logistics platform together,” says Harish Abbott, Co-founder and CEO at Deliverr.
“Shopify has been building the future of merchant-first fulfillment solutions, and our team has a track record of helping businesses of all sizes streamline their operations.”
“We’re excited to join Shopify in their mission to make commerce better for everyone while democratising shipping and fulfilment for independent entrepreneurs.”
SFN, 6 River Systems, and Deliverr will form a broader logistics unit within Shopify under the group's newly appointed CEO, Aaron Brown.
