The holidays are almost upon us, and retailers across the nation are preparing for one of the busiest times of the year. Walmart is gearing up for the season by recently announcing its plans to acquire JoyRun, a last-mile delivery app that will ultimately bolster Walmart’s supply chain operation.
“This acquisition allows us to further augment our team and ongoing efforts to explore even more ways to deliver for customers in the future. For instance, Runners could complement our SPARK program and 3rd Party delivery providers,” Srini Venkatesan, Executive Vice President at Walmart Global Tech, wrote in a post on LinkedIn.
As noted in the post, the acquisition includes the platform, intellectual property, and staff of JoyRun, all of which were purchased for an undisclosed sum. According to Venkatesan, the app has 30,000 users and roughly 540 retail partners.
When the deal closes—which is expected within a few weeks—Walmart will temporarily shut down the app while it assesses the intellectual property and business model. The app will then be relaunched, and a Walmart spokesperson said that could be different from the original.
Past innovations and grocery delivery strategies from Walmart have included drone partnerships, delivery vehicles—as we reported on our sister site ANUK—and more, so this acquisition is another step toward the retailer’s successful supply chain operation.
Deli Market News will keep a finger on the retail pulse.