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Odd bird e-commerce start-up gears up to win US$1.5 million in PE funding
FORWARDING startup ShipBob that launched last August and claims to be running a profit margin of 50 per cent per Y Combinator-incubated package delivery has closed in on US$1.5 million in its latest round of investor funding run through WeFunder, an online venture capital service.
The company has begun operations in Chicago and recently expanded into New York. It currently ships 8,000 packages per month for 100 clients.
It is one of a slew of startups seeking to seize on the shipping component of e-commerce, although it not does not handle the actual shipping, reported Atlanta area Air Cargo World.
By integrating with platforms like Shopify, eBay, Etsy and Kickstarter, ShipBob fulfillment is just a click away.
When the orders come in, the service provider is notified and the items are picked up, packed and shipped.
The entire process is apparently three times as fast and a third the cost of in-house fulfillment teams for their target merchants, and they can scale with them as they grow.
The company has begun operations in Chicago and recently expanded into New York. It currently ships 8,000 packages per month for 100 clients.
It is one of a slew of startups seeking to seize on the shipping component of e-commerce, although it not does not handle the actual shipping, reported Atlanta area Air Cargo World.
By integrating with platforms like Shopify, eBay, Etsy and Kickstarter, ShipBob fulfillment is just a click away.
When the orders come in, the service provider is notified and the items are picked up, packed and shipped.
The entire process is apparently three times as fast and a third the cost of in-house fulfillment teams for their target merchants, and they can scale with them as they grow.
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