E-Commerce Surge Draws Investment to Online Retail Logistics Providers

E-Commerce Surge Draws Investment to Online Retail Logistics Providers

Investors are branching out to boost the e-commerce industry. The trend seems to be trending toward heavy investment over the next few years.

#Motherload

The rush to online shopping is drawing fresh investor attention as the coronavirus pandemic supercharges digital demand.

E-commerce logistics and technology provider ShipBob Inc. raised $68 million to expand its fulfillment network and add business-to-business service shipping palletized goods to retailer distribution centers and stores, the company said Monday.

The Series D funding round, led by SoftBank Group Corp.’s Vision Fund 2, comes as backers are investing millions in ventures aimed at helping businesses handle soaring online orders.

Continue to article: https://www.wsj.com/articles/e-commerce-surge-draws-investment-to-online-retail-logistics-providers-11601287201

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