Stord, the e-commerce startup having a look to tackle Amazon, acquires UPS subsidiary

Logistics startup Stord stated Monday that it’s purchasing UPS subsidiary Ware2Go because it seems to be to amplify its footprint within the e-commerce territory.

The corporate declined to serve specifics at the acquire value of the do business in.

The Atlanta-based corporate based via former Thiel Fellow Sean Henry stated the purchase will spice up Stord’s aggressive edge because it seems to be to chip away on the e-commerce territory ruled via the likes of Amazon.

Ware2Go is a third-party supply corporate that appears to build fast supply extra out there for traders, according to its website.

Henry instructed CNBC the purchase builds at the corporate’s push to “level the playing field” towards corporations like Amazon’s High for checkout and achievement services and products for smaller companies via providing the infrastructure.

“The hardest problem for all these independent merchants across the rest of the internet and trying to compete with Prime is really scale,” he stated. “Logistics is still a physical world where you need a lot of packages, a lot of inventory spread very close to a lot of consumers to be able to offer that level of rapid delivery.”

Stord stated the purchase provides 2.5 million sq. toes to the corporate’s present community of 13 amenities within the U.S., Canada, the U.Okay. and the Netherlands and over 70 spouse websites international.

The e-commerce logistics corporate based in 2015 has been on an acquisition spree in contemporary months because it seems to be to amplify its full-cycle achievement and delivery services and products. It scooped up Pitney Bowes’ e-commerce achievement trade and freight and logistics platform ProPack in 2024.

Stord’s backers come with Kleiner Perkins, Peter Thiel’s Founders Capitaltreasury, Franklin Templeton and Collision Capital.