What: Shopify is acquiring Deliverr for approximately USD 2.1 billion in a bid to create an end-to-end logistics platform and expedite the development of its fulfillment network.

Why it is important: Deliverr offers e-commerce fulfillment and order storage services, shipping more than 1 million orders per month in the U.S. from thousands of merchants. The company’s software and asset-light network of warehouse, carrier and last-mile partners will complement Shopify’s large-capacity, self-operated warehouse hubs.

For Shopify merchants, the acquisition will reduce fulfillment complexity and increase access to next-day and two-day delivery services.

Shopify buys Deliverr for USD 2.1B to accelerate fulfillment network expansion