Deliv reportedly getting funding boost from UPS

Deliv reportedly getting funding boost from UPS

Same day delivery specialist Deliv is reportedly getting a funding boost from UPS. Reports published by the Wall Street Journal and Dow Jones Business News said that UPS will gain a seat on the Deliv board as a result of the deal,  as well as an opportunity to observe Deliv’s delivery model at close quarters.

Deliv specialises in using “crowd sourced” drivers to make same-day home deliveries of goods from local stores and e-commerce companies.

The Dow Jones report quoted Rimas Kapeskas, head of UPS’sStrategic Enterprise Fund, as saying: “We’ve had our eye on Deliv for quite a while.”

Reportedly, Deliv has raised $28m in its latest funding round led by UPS and other investors  – taking its total funding to more than $40m.

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