Veho
Founded Year
2016Stage
Series B | AliveTotal Raised
$299.28MValuation
$0000Last Raised
$170M | 1 yr agoAbout Veho
Veho is a parcel delivery carrier platform for e-commerce companies. The company's platform enables any driver with a car to get paid for delivering packages. It was founded in 2016 and is based in Denver, Colorado.
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Research containing Veho
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Veho in 2 CB Insights research briefs, most recently on Mar 14, 2023.
Mar 14, 2023 report
Retail Tech 100: The most promising retail tech startups of 2023Expert Collections containing Veho
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Veho is included in 3 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
3,732 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,208 items
Retail Tech 100
100 items
The winners of the 2023 CB Insights Retail Tech 100, published March 2023.
Latest Veho News
May 2, 2023
New York City, New York, UNITED STATES • In a survey of 1,000 online shoppers, 77% said they are less likely to buy from a brand following a negative delivery experience. • 74% say a strict return policy negatively impacts their desire to shop with a retailer. NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Veho today released its inaugural research report exploring how much delivery and returns influence consumers’ buying decisions. The results are clear: shoppers are loyal to brands with smooth delivery and returns—and they won’t stick with brands that make them jump through hoops. The report, “ Shipping Is the New Shopping™: The 2023 State of Delivery and Returns Satisfaction ,” features insights from a survey of 1,000 online shoppers and the implications for retailers. Weighing consumer expectations with operational realities can be a delicate balancing act for retailers, especially as they attempt to navigate a turbulent economic climate. However, the survey data shows online shoppers have little patience for brands that don’t communicate shipment delays, refuse accountability for lost or stolen packages or create hurdles to returning unwanted items. Key Findings: How do delivery and returns impact consumers’ shopping habits? 53% say brands and delivery companies are responsible for negative delivery experiences. 77% are less likely to buy from a brand following a negative delivery experience. 74% say that a strict return policy negatively impacts their desire to shop with a retailer. Nearly half (49.2%) say they would be more likely to shop with a brand that allows customers to make doorstep returns with no packaging or printed label required. “Even with the rise in online shopping brought on by the pandemic, shipping and returns are still a real pain point for consumers in 2023,” said Itamar Zur, CEO and co-founder of Veho. “At Veho, we recognize the post-purchase experience as the next great frontier for e-commerce. That’s why we’ve dedicated ourselves to helping brands implement seamless delivery and return policies that can help build a new model of customer lifetime value in the places where shoppers actually want to engage: the digital world, and their own homes and front doors.” While some retailers have responded to the pressures of a cooling economy with stricter returns policies, others are investing in improving delivery and returns experiences for customers to increase loyalty. With transparent and personalized next-day delivery and returns, Veho’s retail partners see an average 19.2% increase in customer repurchase, a 41% increase in customer lifetime value, and an eight-point increase in net promoter score. Founded in 2016, Veho now operates in 32 markets and serves major brands such as Rent the Runway, HelloFresh, Misfits Market and Nespresso. To learn more about Veho, please visit: https://shipveho.com/ . Methodology Veho surveyed 1,000 online shoppers in February 2023 in partnership with OnePulse. Respondents were composed of a nationally representative sample of U.S. adults aged 18 to 64. Respondents were asked 3 multiple-choice questions about their shopping, delivery, and returns preferences. Then, 500 of those respondents were asked two follow-up questions. About Veho Veho is a post-purchase experience company. Through its tech-powered digital logistics platform, Veho is revolutionizing package delivery for the modern economy. Veho powers fast, transparent and personalized next-day delivery and returns for e-commerce companies so they can increase customer satisfaction and drive customer lifetime value. Veho’s premium experience is built on live customer communication, in-market warehouse locations and a dynamic marketplace to seamlessly match demand for deliveries with last-mile crowdsourced driver-partners. Veho provides e-commerce brands with an end-to-end, customer-centric solution that makes delivery their competitive edge. Learn more at ShipVeho.com . Contact
Veho Frequently Asked Questions (FAQ)
When was Veho founded?
Veho was founded in 2016.
Where is Veho's headquarters?
Veho's headquarters is located at 4170 Monroe Street., Denver.
What is Veho's latest funding round?
Veho's latest funding round is Series B.
How much did Veho raise?
Veho raised a total of $299.28M.
Who are the investors of Veho?
Investors of Veho include Bling Capital, Construct Capital, Industry Ventures, Origin Ventures, General Catalyst and 9 more.
Who are Veho's competitors?
Competitors of Veho include AxleHire and 4 more.
Compare Veho to Competitors
Instacart is a mobile app that allows users to shop for groceries directly from a phone. It can deliver groceries from multiple local stores. The company delivers food and beverages. It also provides coupons and gift cards. The company was founded in 2012 and is based in San Francisco, California.
ShipMonk provides multi-channel order fulfillment services and inventory management software to small and midsized (SMB) e-commerce companies. ShipMonk enables SMBs to focus on building their brands and achieving growth rather than managing backend logistics. API integrations sync directly with customers' marketplace platforms and online shopping carts to automatically import orders, which are then processed at ShipMonk's two bicoastal warehouse locations. ShipMonk aims to save e-commerce companies money while providing a scalable supply chain solution at service levels that the company believes are difficult for SMBs to achieve on their own.
Dropoff solves same-day delivery challenges for business by offering an experience built on convenience, reliability and unmatched service, all powered by a proprietary technology platform. Dropoff provides easy web and mobile ordering, flexible delivery options, transparent pricing, real-time tracking and confirmations, up-to-the-minute ETAs, delivery Agent ratings and a feature-rich API for seamless logistics platform integration. Dropoff helps businesses with their complex same-day delivery logistics needs, so they can better, and more efficiently, serve their own customers.
Bringg is a SaaS and mobile-based platform that enables businesses to manage deliveries in an efficient way so that customers receive their deliveries within a reasonable time.
ShipBob offers a multichannel inventory and order management platform. Its proprietary fulfillment platform lets users manage, edit, and customize orders, track real-time stock levels from any location, and receive notifications when they need to reorder inventory. The company was founded in 2014 and is based in Chicago, Illinois.
Shiprocket offers an automated shipping solution platform for e-commerce. The platform offers print shipping labels, track orders from a single panel, and process returns from an integrated dashboard. It helps brands focus on their core business rather than managing store orders and searching for reliable courier services. It was formerly known as Kartrocket. The company was founded in 2012 and is based in Gurugram, India.
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