It has been a couple of years since the press was buzzing with news about what might become of successful warehouse-style e-commerce startup Boxed. Now, after an unprecedented shift in the e-commerce landscape due to the novel coronavirus pandemic, the company is going public.
Boxed is merging with a special purpose acquisitions company called Seven Oaks Acquisition Corp. in a deal that will result in a publicly traded company, according to Supermarket News. With the capital it will generate through the deal, the e-commerce company plans to expand its B2B and third-party marketplace offerings and monetize its software-as-a-service platform, which facilitates home delivery.
