The wholesale distributing startup Boxed has just announced a new round of funding that could get bulk goods to small businesses in just a few days.
Boxed announced that the $25 million round of funding it just completed will help it expand its operations and hopefully provide 2-day shipping to small businesses and other customers nationwide.
Boxed CEO Chieh Huang told The Street in an interview after the funding was announced:
“Right now 86 percent of our packages arrive in two days or less. We’d like that to be as close to 100 percent as possible.