Alumnus garners $17.5 million for start-up expansion
Victoria Halewicz, ECE ILLINOIS
7/10/2017 2:37:30 PM
ECE ILLINOIS and College of Business alumnus Divey Gulati (BSCompE ’10, MBA ’13) is witnessing considerable success and media attention as co-founder of the e-commerce delivery startup ShipBob.
Retailers, both small and large, are faced with pressures of two-day shipping presented by services like Amazon Prime and Walmart’s site-to-store shipping. Following this new round of funding, ShipBob is planning on expanding into three more cities. The strategy? Analyzing order data and choosing areas with the most demand.
Though the Chicago office currently has 35 employees, the startup plans to expand to around 100 to 125 employees within the next two years. These new roles will welcome engineers, along with additional sales and marketing positions. Each of Shipbob’s warehouses also employees 15 to 20 workers. ShipBob is also in the process of improving its software platform. It is through this platform that retailers can reduce their shipping costs by distributing orders for closer proximity to customers.