S
Shipt
On-demand grocery delivery service that gives customers direct access to thousands of grocery items through a mobile app
About Shipt
Shipt is a membership-based marketplace that provides same-day delivery of groceries, home products, and electronics from various retailers. Founded in 2014 by Bill Smith in Birmingham, Alabama, the company was established to offer a convenient shopping solution for busy individuals and families. The service operates through a mobile application and website where customers can browse and order items from local stores.
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The business model is primarily subscription-based, with users paying a membership fee for unlimited deliveries on orders over a certain amount. A pay-per-order option is also available for non-members. Shipt serves customers across the United States, partnering with major national and regional retailers like Target, Meijer, H-E-B, and Costco. In December 2017, Target Corporation acquired Shipt for $550 million in cash, a significant milestone that allowed the company to expand its reach and integrate its services with Target's retail operations. Despite the acquisition, Shipt continues to operate as an independent subsidiary, maintaining its own brand and partnerships with other retailers.
Shipt's platform connects customers with a network of personal shoppers who are responsible for picking, packing, and delivering the orders. This gig-economy model provides flexible work opportunities for its shoppers. The company has expanded its offerings beyond groceries to include products from categories like electronics, wellness, and home goods. Kamau Witherspoon was appointed as the company's CEO in 2022.
At a glance
- Status
- Acquired
- Founded
- 2014
- Headquarters
- Birmingham, United States
- Employees
- 6,494
- Open positions
- 36
- Dealroom signal
- 64.3/100
- Industry
- Food, Transportation
- Sub-industry
- Logistics & Delivery, Food Logistics & Delivery
- Sector
- Transportation, App, Groceries, Shopping, Delivery, Social, On-Demand, Community, Gig Economy
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Dec 2017 | $550M | $550M | Target Corporation | — |
| SERIES BOther financing | Jun 2017 | $40M | $160M | Greycroft Partners | — |
Growth signals
Latest recorded traffic for Shipt is 3.2M monthly website visits, up 6.7% over the last three months. Shipt's team grew 0% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Greycroft Partners
e.ventures
Harbert Growth Partners
Other known investors1 additional known investor
Target Corporation
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Shipt on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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