The $100,000 purchase will help build new services for shippers and carriers, Delivered CEO Andrew Hurst said.
Dive Brief:
- Recently shuttered same-day delivery provider Point Pickup Technologies has found a buyer for its assets in parcel delivery startup Delivered.
- Delivered made the acquisition after a judge’s approval in Miami-Dade County Circuit Court, Delivered CEO Andrew Hurst told Supply Chain Dive in an interview last week. The purchase price was $100,000, according to court filings.
- The deal does not include GrocerKey, a white-label e-commerce platform geared toward the grocery industry that Point Pickup acquired in 2021. A judge approved the sale of GrocerKey to Wynshop, an e-commerce technology provider, in April for $250,000.
Dive Insight:
Delivered currently offers end-to-end parcel delivery services using independent contractors and available air and ground capacity in the market. The timeline to roll out new services that lean on the acquisition is unclear, according to Hurst. Delivered still has to sift through Point Pickup’s technology and determine what changes need to be made.
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