Shipt

Personal shopping and delivery service

Birmingham, United States

About Shipt

Shipt provides a personal shopping and delivery service that reaches 80% of U.S. households across over 5,000 cities. The service connects customers with a network of dedicated shoppers who communicate in real-time about preferences and product substitutions, ensuring a tailored shopping experience. Shipt's platform features a curated marketplace that includes a wide range of products, such as fresh foods, household essentials, wellness items, office supplies, and pet supplies. This service caters to various clients, from individuals to families, focusing on convenience and saving time. Unlike many competitors, Shipt operates under a subscription model combined with delivery fees, allowing for flexible pricing. As a subsidiary of Target Corp., Shipt benefits from strategic support while maintaining its independence, with headquarters in Birmingham, Alabama, and an additional office in San Francisco.

Birmingham, NoneHeadquarters
2014Year Founded
$63.4MTotal Funding
ACQUISITIONCompany Stage
Automotive & Transportation, Consumer Software, Consumer GoodsIndustries
5,001-10,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Performance Bonus

Risks

Increased competition from Instacart and DoorDash threatens market share.
Dependence on key partnerships like Target and Meijer poses business risks.
Regulatory scrutiny over gig economy practices could increase operational costs.

Differentiation

Shipt offers real-time communication for personalized shopping experiences.
The company provides a curated marketplace with diverse product categories.
Shipt operates as a wholly owned subsidiary of Target, ensuring strategic support.

Upsides

Shipt's same-day delivery partnerships enhance customer convenience during peak seasons.
The company is expanding its retail business accelerator to support small retailers.
Shipt's acceptance of SNAP EBT payments broadens its customer base.

Funding

Total raised$63.42 M
Latest valuation$550.00 M
StageACQUISITION
ACQUISITION
11/30/2017
$550
$550.00 M
SERIES B
5/31/2017
$40
$200.00 M
SERIES A
6/30/2016
$20
$100.00 M
SEED
1/31/2016
$5
$26.00 M