Dive Brief:
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Warehouse-retail disruptor Boxed raised $25 million in a Series B round of funding, the company said this week.
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In May Boxed announced $6.5 million in funding, adding then to its $1.1 million in seed funding.
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The bulk-goods retailer has seen increased popularity on the app store and has reported steady growth, although it doesn’t reveal specifics.
Dive Insight:
Boxed and similar bulk retailer Jet.com, which rather than having its own inventory collects its goods from third parties, are taking advantage of a soft moment for warehouse retailers like Costco and Sam’s Club. Those traditional membership-based bulk retailers are still working out how to deal with shifting demographics where people don’t always want to drive out to their locations, increased competition from Amazon and Alibaba, and mobile commerce.