Auction giant eBay seals acquisition of UK local logistics company Shutl
Takeover of Tom Allason’s Startups 2012 Startups 100 winner to boost e-commerce giant’s retail and delivery capabilities
Global e-commerce site eBay is set to acquire UK-based marketplace Shutl, it was announced today by eBay president Devin Wenig at a New York media event.
Founded by 2007 Young Gun and haysmacintyre Top Gun Tom Allason, who previously set-up and sold courier business eCourier.co.uk, Shutl is an online marketplace with access to a network of local couriers to deliver goods within the same day.
Shutl will operate the back-end logistics for the eBay Now service, which allows eBay users to ‘click and collect’ from a physical retail outlet via iPhone and Android devices as well as the web.
Launched in 2009 with £0.5m seed capital from a series of investors, London-based Shutl promised an “e-commerce revolution” and has gone on to enjoy continued growth and expansion.
It ranked first place in the 2012 Startups 100 index and within the same year completed a $3.2m Series B round led by Hummingbird Ventures and UPS Strategic Enterprise Fund, as well as Notion Capital and e.ventures with a total of $8.69m raised overall.
Allason’s company quickly established itself with deals to deliver on behalf of the online retail arms of Argos, Oasis, Warehouse, Laithwaites Wine and Coast. In 2012 it announced a deal to deliver from 83 stores of electronics chain Maplin.
Shutl also announced a deal to deliver Argos’ ‘Click and Collect’ service nationwide in December last year.
The full details of its agreement with eBay are currently undisclosed and Growing Business was unable to reach Tom Allason but the global e-commerce site intends to use the deal to develop its delivery and courier services and utilise Shutl’s “technology, talent and expertise”.
Discussing its latest e-commerce initiatives Wenig commented: “Today, approximately 75% 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 total commerce market.”