Boxed.com is an American online and mobile membership-free wholesale retailer selling bulk items via the Boxed app or the website. It is based in New York City and was founded in August 2013 by Chieh Huang, Jared Yaman, Christopher Cheung, and William Fong.
Boxed is headquartered in New York City, and has four fulfillment centers around the country: in New Jersey, Georgia, Nevada and Texas, which allow orders to be delivered within two days. The company also has a support office in San Mateo, California.
Boxed has raised $165 million in funding to date with investors including GGV Capital, First Round, and American Express Ventures.
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History
Boxed launched in August 2013 when grade school friends Chieh Huang, Christopher Cheung, and William Fong, along with Jarad Yaman, came together to build the first mobile app that allows customers to shop wholesale products on-the-go and without paying wholesale club membership fees. The idea came when Huang, at the time a new father living in Manhattan without a car, did not have the same ability to shop at the wholesale clubs as he did while growing up in New Jersey. With their background in mobile gaming, the team created an easy-to-use, intuitive app for iPhone and Android, and several months later, launched the Boxed website at Boxed.com.
The company first started shipping out of Huang's garage in Edison, New Jersey, before opening their first fulfillment center, also in Edison, in December 2013.
In May 2014, Boxed launched Express, its on-demand grocery delivery service, available in most of New York City, parts of New Jersey, and Boston. Customers can shop bulk sizes of fresh and frozen groceries and choose a delivery date and time.
In January 2017, the Today Show profiled Boxed as the wholesale shopping app for millennials, and highlighted the company's benefits.
Body Wash Wholesale Video
Features
Boxed customers can shop on desktop, via the Boxed iOS app or Android app.
In August 2017 Boxed launched SMART Stockup, a feature that applies machine learning on customer data to predict when they will most likely run low on a particular product. It sends a reminder to customers when they log in, making it easy and convenient to re-purchase what they need.
In tandem with SMART Stockup, Boxed launched Concierge, an autonomous shopping concept that uses the same machine learning to not only predict when a user is running low, but pre-emptively fulfill and send a customer's product to them without them needing to engage at all. It is currently available only to B2B customers.
Prince & Spring
In June 2015, Boxed launched their premium private brand Prince & Spring, focusing on high quality products and design. The collection includes toilet paper, paper towels, trash bags, paper plates, party cups, cutlery, batteries and hand soap, as well as groceries including organic, fair trade coffee, organic coconut oil, olive oil, nuts and trail mixes. Prince & Spring has won three design awards at the Vertex Awards. The brand is sold exclusively through Boxed.
CSR
In October 2016, Boxed launched its Rethink Pink campaign to end the upcharge on women's hygiene products, known as the Pink Tax. Boxed reduced the per unit price to match the male equivalent on items such as razors, deodorant, and body wash, paying the margin.
Boxed also reduced the luxury sales tax on tampons and pads in the 36 states that charge the luxury tax on these feminine hygiene products.
A number of prominent politicians and media outlets have supported Boxed's Rethink Pink initiative, including New York Senator Chuck Schumer , CNN , Fox News , CBS News , and Entrepreneur .
For Giving Tuesday 2016, Boxed partnered with Unilever to donate women's body care essentials to shelters around the country - the number one most requested item at women's shelters .
Company benefits
In May 2015, Huang announced he would personally pay the college tuition of every full time employees' children. .
In May 2016, the company announced it would pay up to $20,000 towards any full time employee's wedding .
Partnerships
Boxed has partnered with brands including American Airlines, United Airlines, and Zulily.
Achievements
In June 2016, Boxed was awarded Emerging E-tailer of The Year by Internet Retailer. .
In September 2016, Boxed was named one of the top 100 places to work in NYC by Crain's..
In October 2016, Forbes named Boxed one of their next billion dollar startups .
Source of the article : Wikipedia
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