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Consumer Startup Shipt Brings In $40 Million

Fresh grocery delivery startup Shipt Brings In $40 Million
Credit: shipt.com

Shipt announced it has secured $40 million in Series B financing. Three investors participated in the round: Greycroft Partners, e.ventures, and Harbert Venture Partners.

Through a user-friendly app and a local network of reliable shoppers, Shipt connects members to fresh groceries and everyday essentials.

The company revealed that it plans to use the new funding to continue new market expansion, forge new partnerships with retailers and brands, and maintain its member satisfaction.