Target says it plans to acquire grocery delivery platform Shipt for $550M in cash and will run it as independent unit; Shipt has 170 staff and has raised $65M
@Shipt is a Birmingham, Alabama startup, founded only 3 years ago (2014), raised $65M and exited for $550M in cash to @Target. Incredible stuff. http://www.recode.net/... Greycroft / @greycroftvc : Congratulations @Shipt on being acquired by @Target for $550 million! http://www.recode.net/... Alex Taussig / @ataussig : Another retailer making a big bet on a technology player. Expect to see more in 2018! http://twitter.com/...