Deliv Raises $40 Million in Latest Funding Round

The company is in 35 U.S. markets and handles deliveries for retailers such as Walmart, Macy's, Kohl's and Best Buy.

November 1, 2018

Deliv Inc., a startup that connects fleet drivers to pick up online orders from stores and malls for a fee, has raised $40 million in its latest funding round, Reuters reports.

Currently, the company is in 35 U.S. markets and handles deliveries for retailers such as Walmart, Macy's, Kohl's and Best Buy.

The company's existing strategic and financial investors, including UPS and Alphabet Inc.'s google, participated in the latest round of funding.

According to Reuters, traditional retailers also use Deliv's same-day delivery service as e-commerce orders stock up. Deliv uses stores as distribution centers to fulfill online orders for shoppers.

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