McKinsey on Start-ups

How Veho aims to deliver on last-mile logistics


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   Listen to the podcast (duration: 31:17) >  Itamar Zur is the cofounder and CEO of Veho, a next-generation logistics startup that is out to reinvent the delivery experience for e-commerce brands and their customers. In just two years, Veho’s delivery and return logistics platform has grown to 900 employees and is on track to be operating in 50 US markets by the end of year. Earlier this year, only a few months after its Series A raise of $125 million, Veho raised another $170 million, bringing its valuation to around $1.5 billion. By focusing on technology that gives customers more control and transparency over the shipping process and experience, Veho promises to build loyalty and increase customer lifetime value for ecommerce brands. The last mile delivery market that it plays in is already worth more than $100 billion globally, and estimated to reach close to $150 billion by 2025.

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