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 The IR Blog

FPO

Bob Brodie / E-Commerce

How raw data enables retailers to know every customer

Here are five technologies that can unleash the power of all the data an online ...

FPO

Scott Allan / Mobile Commerce

The missing link for turning app-only promotions into revenue

Apps engage a retailer’s most loyal shoppers, but technical hurdles keep many merchants from taking ...

Advertisement