Google joins $40 million investment in delivery startup Deliv
Deliv, a startup that provides same-day deliveries for Walmart Inc. and other retailers, has raised $40 million in funding.
As shopper demand for speedy delivery of everything from food to designer shoes grows, a range of investors, including retailers, tech firms and car manufacturers are rushing to spend in the space. Rival Instacart Inc. raised $600 million earlier this month.
Deliv powers many of the nation’s top retailers across 35 markets and 1,400 cities.
“The backing by our new and existing strategic investors highlights the fact that Deliv is at the forefront of megatrends connecting the world’s largest industries,” said Daphne Carmeli, founder and CEO of Deliv.
Deliv’s Series C brings together a broad base of leading technology, automotive, transportation, mall REITs, and logistics companies. The historic investment from such a wide range of strategic investors provides Deliv with support from the companies shaping the future of mobility, logistics, retail, and technology.
“The backing by our new and existing strategic investors highlights the fact that Deliv is at the forefront of megatrends connecting the world’s largest industries,” said Daphne Carmeli, founder and CEO of Deliv. “We embrace the challenge of creating the future of last mile logistics with the support of this unparalleled group of strategic investors. Deliv will continue to push boundaries and redefine the notion of convenience.”
Same day delivery is expected to explode to $55 billion in GMV in the US within the next five years, according to Business Insider Intelligence. Deliv is driving this massive shift to local same day delivery, powering over 5,000 retailers and businesses, including many of the nation’s top omnichannel retailers such as Walmart, Macy’s, Best Buy, and The Home Depot. Deliv also partners with leading shopping platforms like Google Shopping Actions and Farfetch, and e-commerce pure plays including FreshDirect, Plated, and The Bouqs Co as well as B2B companies and small businesses across the country.
According to Temando, 80 percent of consumers now expect same day delivery, and per L2, 25 percent of shoppers would abandon a cart online if same day delivery wasn’t available. For any business that sells and moves physical goods, Deliv’s same day offering is essential to compete and meet new consumer expectations of convenience.