Google recently acquired Buffer Box Inc., a Y Combinator start-up. BufferBox deals with kiosks that can be placed around areas in cities and towns to serve as a part of a self-service parcel pick-up.
The acquisition hints that the internet giant might be gearing up to take on Amazon's shipping business. Amazon's Locker service allows buyers to shop online and pick up their products from a locker unit instead of it being delivered to their offices or homes.
The Canadian start-up based in Waterloo has been in operation for almost two years now and will be functioning within Google.
Google has not mentioned its plans for the start-up, but it is perhaps planning to undercut the most affordable shipping service and offer cheaper rates to consumers. BufferBox had plans to open up around 100 kiosks in Canadian transit depots. The company's services allow users to subscribe for single-use deliveries.
Owing to this acquisition, there is speculation that Google might try to get into the shipping and logistics industry. However it should be noted that the company is in a completely different industry right now and that it might have to find a logistic solution to pursue any of these plans.
| || |
| To receive FREE breaking news email alerts for Google Inc. and others in your portfolio|
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org