Intriguing story on QZ.com about Boxed, an internet startup which is positioned this way: "If Amazon is the online Walmart, Boxed is the online Costco."
More impressively, Boxed is less than a year old and was started up with $1 million in initial funding … and now ships to the lower 48 states, with free shipping on orders of $75 or more.
Boxed believes it may have cracked the code on auto-replenishment, something that Amazon has been successfully exploiting with its Subscribe-and-Save program, with what is called a "predictive shopping algorithm."
And, Boxed is only available through a mobile app.
Great story … and you can read the whole thing here.
More impressively, Boxed is less than a year old and was started up with $1 million in initial funding … and now ships to the lower 48 states, with free shipping on orders of $75 or more.
Boxed believes it may have cracked the code on auto-replenishment, something that Amazon has been successfully exploiting with its Subscribe-and-Save program, with what is called a "predictive shopping algorithm."
And, Boxed is only available through a mobile app.
Great story … and you can read the whole thing here.
- KC's View:
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Good stuff. This is a company where the folks aren't finding excuses, but rather are finding solutions.
