Walmart has acquired Brooklyn-based delivery startup Parcel, representing the fifth technology startup acquisition by the retail giant in the past 14 months.
Terms of the acquisition were not disclosed, but it is already a done deal — it closed on September 29.
Founded in 2013, Parcel is a so-called “last-mile” delivery platform designed to help e-commerce companies get their goods from their premises to customers’ doors. It operates around-the-clock too, delivering packages in scheduled two-hour windows, overnight, or the same day an order is placed.
Above: Parcel van ...more