Ohi has received a $19 Million Series A funding round, with plans to expand its U.S. operations to enable rapid delivery of everything from CPG products to luxury goods in 25 markets by the end of 2022. Ohi operates a network of microwarehouses that "enables mid-market DTC and enterprise brands to offer ... Amazon Prime-level delivery speeds of under two hours" from their own websites.
Ohi will also use the funding to expand its product offering to include an option for delivery in under 20 minutes. Consumers who order with Ohi reportedly have up to 35% higher LTV for brands than those who choose a UPS/FedEx shipping option.
Since closing the funding round in April, Ohi has been building a team of experts from across the e-commerce and fulfillment industries. Russ Griffin, formerly vice president of sales at BigCommerce and ShipStation, joined as CRO; Rodrigo Silveira, a veteran of Dematic and Flexport, joined as head of engineering; and Jarrod Lovell, who ran network development at Flexe, joined as head of platform.
Ben Jones, founder and CEO of Ohi, said: "At Ohi, we believe that ‘instant’ is the future of commerce, and we are building a world in which consumers can get anything from their favorite brands in less than an hour. COVID-19 has accelerated this shift in consumers’ expectations of immediacy to the point that many now view two-day delivery as unacceptably slow. We want to provide all brands, regardless of size, with a best-in-class instant commerce experience while selling through their own website, allowing them to retain control of their brand story, data and customer relationships.”