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Boxed

Boxed

Online retailer for bulk groceries and supplies

About

Boxed.com is an online retailer that allows customers to shop for groceries, household products, and health supplies in bulk without requiring a membership. The platform offers a wide selection of products at wholesale prices, which are delivered directly to customers' homes, making it a convenient option for both individual consumers and small businesses. Boxed.com operates in the e-commerce space, focusing on providing a cost-effective alternative to traditional wholesale clubs. Customers can save time and money by avoiding trips to physical stores. Additionally, Boxed offers a service called 'Boxed for Business,' which enables companies to place group orders and receive further discounts, catering specifically to small and medium-sized enterprises. The company's goal is to provide a hassle-free shopping experience while maintaining competitive pricing through economies of scale.

Company Stage

M&A

Employees

51-200

Industries

Consumer Goods, Consumer Software

Total Funding

$530.9M

Headquarters

N/A

Founded

2013


Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition by MSG Distributors could provide Boxed with the financial stability and resources needed to revitalize its business model.
  • The growing trend of consumers purchasing groceries online exclusively presents a significant market opportunity for Boxed.
  • Boxed's focus on both individual consumers and businesses allows for diversified revenue streams, potentially enhancing financial resilience.

What critics are saying

  • The recent bankruptcy filing and acquisition indicate financial instability, which could lead to job insecurity and operational disruptions.
  • Intense competition from well-established wholesale retailers like Costco and Sam's Club poses a significant threat to Boxed's market share.

What makes Boxed unique

  • Boxed.com offers bulk shopping without the need for a membership, unlike traditional wholesale clubs like Costco and Sam's Club.
  • The company provides a convenient online shopping experience, eliminating the need for physical store visits, which is a significant advantage over brick-and-mortar competitors.
  • Boxed for Business service caters specifically to small and medium-sized enterprises, offering further discounts and group order capabilities.

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-13%

2 year growth

-57%

Benefits

Working with smart, positive people

Competitive salary

Stock options

Unlimited vacation

Full healthcare benefits.

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