Boxed expands into fast, fresh grocery delivery with acquisition
Boxed expands into fast, fresh grocery delivery with acquisition
Boxed, an e-commerce grocery platform that sells bulk consumables and licenses its e-commerce software to enterprise retailers, announced the signing of a definitive agreement to acquire MaxDelivery, one of New York’s first on-demand grocery delivery services. The transaction is expected to close in December 2021, subject to certain undisclosed financial terms and customary closing conditions.![]()
Through the acquisition, Boxed will broaden its capabilities in micro dark-store fulfillment and rapid on-demand grocery delivery. Boxed customers in select markets will also enjoy a significantly