U.S.A. The wholesale disruptor, Boxed, soon to go public

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3 September 2021 à 17h39

Updated on 11 October 2021 à 15h10

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1 minute

Publication: 3 September 2021 à 17h39, Updated on 11 October 2021 à 15h10

Reading time: 1 minute

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Publication

3 September 2021 à 17h39

Updated on 11 October 2021 à 15h10

Reading time

1 minute

Publication: 3 September 2021 à 17h39, Updated on 11 October 2021 à 15h10

Reading time: 1 minute

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The delivery company Boxed (selling groceries and supplies in bulk volumes) is going to go public by merging with a SPAC (Seven Oaks).

The deal, expected in Q4 2021, would value the combined company at US$890 million. Launched in 2013, Boxed targets individuals and businesses. Its main asset is its robotics technology used in picking centers. Boxed is not profitable but plans to build up its business with enterprises in order to improve its P&L. Once completed, the transaction will pr

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