Walmart acquires Williamsburg shipping startup Parcel - Technical.ly Brooklyn

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Oct. 3, 2017 12:43 pm

Walmart acquires Williamsburg shipping startup Parcel

The same-day shipping service will join the retail behemoth in a deal reported to be worth about $10 million.

Packages ready to be Parcel'd out to customers.

(Photo courtesy of Parcel)

Nearly three years since opening up for business, Brooklyn’s Parcel has been acquired by Walmart, according to a report in Recode.

Parcel had been working on same-day delivery services, an area Walmart likely wants to improve on with the purchase, which Recode reports was for less than $10 million.

We covered Parcel when it first opened, in 2014. Since then, the company has moved from a consumer facing service to a business-to-business service.

Parcel was founded by Jesse Kaplan, who got his entrepreneurial start at Harvard with a late-night coffee shop he launched there, according to the company.

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