Logistics Startup Stord Raises $250 Million

Logistics technology startup Stord has secured $250 million in a significant new funding round. This capital infusion is earmarked for expanding the company's fulfillment operations. Stord aims to empower merchants, enabling them to more effectively challenge the dominance of e-commerce giant Amazon.com Inc. The investment underscores a growing demand for sophisticated logistics solutions that can level the playing field for smaller and medium-sized businesses in the competitive online retail landscape.