This is an article about portfolio company, Deliv.
Target, which already owns on-demand delivery service Shipt, is in the process of acquiring technology assets from same-day delivery service Deliv. The retailer is characterizing the deal as more of an R&D type of acquisition and not one that will have an immediate consumer-facing impact. Deal terms were not disclosed, but we understand the deal price is nowhere near Shipt’s $550 million ballpark, as it’s not an outright acquisition of Deliv’s business.
View source version on techcrunch.com: https://techcrunch.com/2020/05/07/target-is-looking-to-buy-delivs-same-day-delivery-tech/