On-demand delivery is a tough business with thin margins, but entrepreneurs and investors continue to pour resources into it. Shipt, an on-demand grocery delivery startup originally from Alabama, has raised $40 million in new funding from Greycroft Partners, e.ventures, and Harbert Venture Partners. It plans to be in a total of 100 U.S. markets within the next year.
Never miss an Axios exclusive. Sign up for Mike Allen's AM newsletter.
More stories loading.