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.