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boxed

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Description: Boxed, Inc. was an American online and mobile membership-free wholesale retailer that offers direct delivery of bulk-sized packages via the Boxed app or the website. Boxed product offering has been compared to that of Costco. It is based in New York City and was founded in August 2013 by Chieh Huang, Jared Yaman, Christopher Cheung, and William Fong.The company has three fulfillment centers around the country in New Jersey, Nevada, and Texas, which allow orders to be delivered within two days. The company also has a support office in San Mateo, California.
In 2016, Boxed was financed by $132 million in funding by investors including GGV Capital and DST Global. and by $111 million in 2018 from Aeon Group. The company went public by merging with special-purpose acquisition company Seven Oaks Acquisition Corp. in 2021 and was listed on the New York Stock Exchange. On April 2, 2023, Boxed filed for Chapter 11 bankruptcy.

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