eBay acquires Shutl to rocket ahead with ecommerce
One-hour delivery could become the norm after eBay acquires London startup Shutl
London startup Shutl has been acquired by eBay.
The Tech City company uses a network of couriers to deliver local goods within a couple of hours of an online purchase.
The move, reported by Tech Crunch’s Mike Butcher, could add a new level of speed to the game of ecommerce.
eBay Marketplaces president Devin Weinig said: ‘Approximately 75 percent of what people buy is local, found within 15 miles from their home.’
‘Traditional retail isn’t going away. But it is transforming, and that creates enormous opportunity within the 10 trillion dollar total commerce market.’
Last month eBay launched its “Click & Collect” service in the UK, where shoppers can buy from eBay online and select a retail location to collect from.
Founder Tom Allason is now considered a veteran entrepreneur, having been a mentor for the Government-backed £37.5m Episode 1 Fund.
The startup is also backed by Tech City’s Index Ventures and Passion Capital, and has raised a total of $8.69M form UK Angels alongside Hummingbird Ventures, UPS Strategic Enterprise Fund, e.ventures and Notion Capital.