Boxed

Boxed

Online bulk groceries and essentials retailer

Overview

Boxed offers online bulk shopping for groceries, household products, and health supplies without requiring a membership. Customers order large quantities through Boxed’s e-commerce platform and have items delivered to their door, often at wholesale prices that save time and money compared to visiting a physical wholesale club. Boxed serves individuals and small businesses, including a spezifically labeled “Boxed for Business” service that lets organizations place group orders and receive additional discounts. The platform uses economies of scale to keep prices competitive and runs occasional promotions like free product offers with minimum purchases. Boxed’s goal is to provide a convenient, cost-effective way to stock up on essentials via online bulk shopping, expanding its reach in both consumer and business markets.

About Boxed

Simplify's Rating
Why Boxed is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Consumer Goods

Company Size

51-200

Company Stage

IPO

Headquarters

New York City, New York

Founded

2013

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Simplify's Take

What believers are saying

  • MSG Distributors acquisition integrates Boxed into established network.
  • Spresso SaaS sold separately, preserving B2B software value.
  • Online grocery digital engagement rises 27% year-over-year.

What critics are saying

  • Instacart erodes share via Costco partnerships in 6-12 months.
  • Portnoy investigation triggers lawsuits, damaging reputation now.
  • Costco undercuts delivery-only pricing, driving customer exodus.

What makes Boxed unique

  • Boxed offers membership-free bulk grocery delivery via app.
  • Targets millennials with direct-to-door warehouse products.
  • Serves businesses through Boxed for Business group orders.

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Funding

Total Funding

$762.4M

Above

Industry Average

Funded Over

10 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Working with smart, positive people

Competitive salary

Stock options

Unlimited vacation

Full healthcare benefits.

Stock Price

Company News

PYMNTS
Sep 12th, 2023
14% Of Consumers Exclusively Purchase Groceries Online

A small but significant share of consumers steer clear of grocers’ physical stores completely, turning to their smart devices to purchase the foods and beverages they need, PYMNTS Intelligence reveals. By the Numbers. For the recent report “Consumer Interest in an Everyday App,” a PYMNTS and PayPal collaboration, we surveyed more than 2,200 U.S. consumers to understand how they use apps to meet their shopping and financial needs, among other matters. According to the results, 14% of consumers reported that, in the previous 30 days, they had exclusively purchased groceries using internet-connected devices. Plus, an additional 39% purchased groceries both by using connected devices and via more traditional means

PYMNTS
Aug 22nd, 2023
Warehouse Club Chains’ Share Gains Hold Even As Grocery Inflation Slows

Membership chains such as BJ’s Wholesale Club are seeing the gains they made at the highest points of grocery inflation hold strong, even as price increases moderate.BJ’s, for its part, a membership warehouse club chain with 238 locations across 19 states, discussed this trend on a call with analysts Tuesday (Aug. 22) discussing its second-quarter 2023 earnings results.Bob Eddy, the chain’s chairman and CEO, shared that the company’s gains in grocery have continued even as year-over-year food-at-home inflation has slowed, and in some categories even decreased.“[We saw] sales growth across each of our income cohorts driven by increases in trips and spend per member,” he said on the call. “We were pleased with this result, considering continued grocery disinflation. … Our grocery and consumables business continues to be very strong.”Eddy cited Circana research showing that the company has gained market share “once again,” seeing sales increase “nearly two times faster than our key competition” in the areas in which the wholesaler has a presence.Similarly, on Walmart’s most recent earnings call Thursday (Aug. 17), the retail giant shared that comparable sales for its membership-only warehouse chain subsidiary Sam’s Club were up 5.5%, and the chain saw membership growth in the mid-single digits.“Talking about the member health, we’ve seen historic growth in our membership base over the last few years, and we continue to see growth in absolute member numbers,” Sam’s Club President and CEO Kathryn McLay told analysts on the call. “… We feel strong about the health of our membership and the growth that we’ve seen.”Additionally, Costco, a warehouse club chain with more than 850 locations around the world, shared in its monthly sales report for July that comparable sales have held strong relative to the same four-week period last year, with comparable sales up 2.5%

Friday Takeaway
Aug 19th, 2023
Online wholesaler Boxed acquired after filing for bankruptcy

Despite raising over $318 million in funding over its operational span, Boxed encountered challenges in the competitive online grocery landscape.

Chain Store Age
Aug 18th, 2023
Done Deal: Boxed.com acquired

MSG Distributors announced it has completed its acquisition of Boxed.com and other various intellectual property portfolios and affiliates (collectively, "Boxed") in an all-cash transaction.

WSAZ-TV
Aug 18th, 2023
Boxed.com Acquired by MSG Distributors, Inc.; A New Chapter Begins for Membership-Free Wholesale Retailer

FARMINGDALE, N.Y., Aug. 18, 2023 /PRNewswire/ -- MSG Distributors, Inc. ("MSG") is proud to announce that our acquisition of Boxed.com and other various intellectual property portfolios and affiliates (collectively, "Boxed") in an all-cash transaction has been completed.

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