Chelsea Lee: Slow delivery caused $135B in cart abandonment last year
Chelsea Lee · #41 Can This Startup Help Retailers Take on Amazon? · Mar 3, 2025 · at 3:19
Chelsea Lee, CEO of delivery aggregator Shipsy, pitches investors on The Pitch by citing e-commerce shopping cart abandonment data.
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“There was over seven hundred billion dollars last year alone left in total shopping cart abandonment. Of that, one hundred and thirty five billion was left specifically because people couldn't get their shampoo fast enough or people couldn't get their air, air filters fast enough. So that hundred and thirty five billion is just because people couldn't get things fast enough.”
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More from Chelsea Lee
Chelsea Lee: All e-commerce logistics will be on-demand in 3-5 years
“Fundamentally, we believe that all logistics will be on demand. All e-commerce will be on demand in the next three, five years, right?”
Lee: Amazon's delivery news does not impact Shipsi's business
“It actually doesn't, I don't believe it impacts our business.”
Lee: Anyone trying to compete with Amazon is foolish
“We're not trying to compete with them by any means. You know, personally, I think anyone who does is foolish”
Lee: Average cost to ship a package in the US is $12
“The average to ship a package in the U.S. Is 12 dollars per, per package.”
Lee: Pitch investors backed out before Shipsi could offer allocations
“They bowed out before I could even say, look, we're oversubscribed. Do you want in or not? Like, I'd love to have you. But they bowed out before we even got to that point.”
Lee: Shipsy is raising $1.5M at a $4.5M valuation cap
“My co-founder, Ben Way, threw in the first three 50 and built the API, and then after that we did a friends and family and raised three 80. We're currently raising 1.5 at a 4.5 cap in convertible notes. Of that we have 800 closed or committed, so looking to fi…”