About Shipt
Shipt is a company based in Birmingham (United States) founded in 2014 was acquired by Target in December 2017.. Shipt has raised $60.1 million across 2 funding rounds from investors including Target, Harbert Management and Greycroft. Shipt operates in a competitive market with competitors including DoorDash, Instacart, Postmates, Getir and Gopuff, among others.
- Headquarter Birmingham, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Shipt, Inc.
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Software Development Team
115 people
Senior Team
34 people
Operations Team
32 people
Personal Team
30 people
Leadership Team
30 people
Sales and Marketing
28 people
Product Management Team
26 people
Shipt Team
16 people
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Funding Insights of Shipt
Shipt has successfully raised a total of $60.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $40.0M
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First Round
First Round
(27 Jul 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series B - Shipt | Valuation | Greycroft | |
| Jul, 2016 | Amount | Series A - Shipt | Valuation | Greycroft , Harbert Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shipt
Shipt has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Target, Harbert Management and Greycroft. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Infrastructure, hedge, private equity, and debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shipt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shipt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shipt Comparisons
Competitors of Shipt
Shipt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DoorDash, Instacart, Postmates, Getir and Gopuff, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category grocery products
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| domain | founded_year | HQ Location |
Online platform providing on-demand hyperlocal delivery services
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via a mobile app platform.
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| domain | founded_year | HQ Location |
Online platform offering on-demand delivery services for food and groceries
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shipt
Frequently Asked Questions about Shipt
When was Shipt founded?
Shipt was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Shipt located?
Shipt is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Who is the current CEO of Shipt?
Kelly Caruso is the current CEO of Shipt.
Is Shipt a funded company?
Shipt is a funded company, having raised a total of $60.1M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20.1M, raised on Jul 27, 2016.
What does Shipt do?
Shipt was founded in 2014 in Birmingham, United States, operating in the on-demand delivery sector. Grocery items and household essentials from local stores are accessed through its app, where product details are viewed and orders placed for delivery. The service covers over various grocery products and is available on Android and iOS platforms, supporting users in multiple locations.
Who are the top competitors of Shipt?
Who are Shipt's investors?
Shipt has 4 investors. Key investors include Target, Harbert Management, Greycroft, and Headline.
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