Walmart acquires Williamsburg shipping startup Parcel - Brooklyn

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.

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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