The financial terms of the deal were not disclosed.
As it moves to make grocery shopping more convenient for consumers, Walmart has acquired Parcel, a technology based, same-day and last-mile delivery company specializing in perishable and non-perishable delivery to customers in New York City. Parcel raised just under $2 million in funding before the acquisition.
"Born and bred in New York City, Parcel has developed unique expertise delivering to customers in a distinctly challenging and essential market", Faust said.
But success could give Wal-Mart the confidence to introduce similar same-day delivery service to other large cities, according to Kent. He noted that Parcel has partnerships with several meal kit, grocery and e-commerce companies.More news: Mizoram: Not a single Rohingya entered state says Home Minister Lalzirliana
Parcel now works with meal kit, grocery and e-commerce companies to provide last mile capabilities.
Parcel works 24 hours a day delivering packages - overnight, same-day, and even in two-hour windows - using routing algorithms, a leased fleet of trucks and a workforce to quickly sort and deliver customer packages.
Wal-Mart now offers grocery pick-up service at hundreds of stores nationwide and is testing same-day delivery at a handful of stores. "Whatever they need and however they'd like it, we aim to provide - including the ability to offer last-minute ordering with same-day delivery service", Nate Faust, senior vice president of Walmart's USA e-commerce supply chain, said in a Q&A on Walmart's website. "No problem" emblazoned on the side in big letters.