January 19, 2001, 12:00 AM

Amazon Cash Speeds Delivery Firm

Amazon.com is among several investors reportedly infusing Internet delivery service Kozmo.com with $100 million or more in expansion funds. The company delivers movies, snacks and other items purchased online, often by bicycle mesenger.

Kozmo began expanding its operations outside the New York City market seven months ago. It has since branched out to Boston, San Francisco, Seattle and Washington, D.C., and plans to enter 21 additional cities. At its launch, the delivery service focused only on books, videos and CDs, but now delivers everything from batteries to doughnuts. Until now, Amazon has focused on building regional warehouses in Kansas, Nevada and other locations and using UPS or the U.S. Postal Service to deliver most of its smaller items. The investment indicates Amazon's interest in developing shipping alternatives and resolving one of the thorniest e-commerce problems: how to delivery quickly and conveniently.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Shmuli Goldberg / E-Commerce

Five tips for winning Amazon's Buy Box during the holiday season

Negative deliveries and bad feedback will keep you from the coveted spot on Amazon.com. On ...

FPO

Jochen Moll / B2B E-Commerce

Grasping the global dimensions of B2B e-commerce

To successfully sell online to businesses around the world suppliers must get a lot of ...

Advertisement