The last time we wrote about JoyRun, it was raising $10 million. Today, the Bay Area startup has some very different news to share, as it becomes part of Walmart as Walmart has bought select assets in a bid to enhance its supply bond. The mega-retailer announced today that it has acquired” select assets- including the talent, engineering programme and IP” from the company, in a bid to incorporate its peer-to-peer food and alcohol bringing service into its own last-mile logistics.
Walmart EVP Srini Venkatesan notes that the app has amassed a network of 540 third-party merchant marriages and north of 30,000 people who have delivered goods with the service since its launch half-a-decade ago. JoyRun’s service is a bit of construction on more standard delivery apps like Seamless and Uber Eats.
As we described it back in 2017, “The company’s app lets parties find out who, nearby, is already heading out to a restaurant that they like, then tack on an order of their own.” It will be interesting to see how Walmart integrates this technology into its existing chain, though from the chime it, Walmart would basically be relying on non-professionals to delivery goods like groceries.
The system would likely operate in a manner like Amazon Flex — a kind of Uber/ Lyft gig economy-style approach to delivery.
” This acquisition allows us to further expand our crew and ongoing efforts to explore even more ways to deliver for customers in the future, ” Venkatesan adds. “For instance, Runners could augment our SPARK program and 3rd Party delivery providers. Our goal is to deliver as quickly and efficiently as possible.”
Walmart expects the lot to close “in the coming weeks, ” which will incorporate JoyRun into its Supply Chain Technology team. Terms of the cope were not disclosed.