Walmart Stores Acquires Parcel for Undisclosed Sum
Parcel announced it has been acquired by retail giant Walmart. Financial terms of the deal were not disclosed.
Parcel is a delivery logistics and technology company based in NYC and built for ecommerce. The company’s operation is powered by a proprietary technology platform and an employee workforce, aiming to ensure exceptional service and matchless visibility into last-mile logistics. Parcel works with online retailers to help them differentiate their customer experience with offerings like same-day delivery, evening and weekend deliveries, live tracking pages, and custom text message updates.
Parcel launched in September, 2014, and has raised $1.98 million seed funding from investors including Great Oaks Venture Capital, Techstars Ventures and Great Oaks Venture Capital.