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NEW YORK (AP) — UPS, looking for ways to get goods to shoppers faster, is investing in same-day delivery company Deliv.
Deliv, founded nearly four years ago, works with Macy's, Kohl's and other retailers to deliver online orders within the same day. Shoppers select same-day delivery when they're about to buy something from the retailer's website and Deliv's workers get it delivered. Retailers pay Deliv for its service and the stores usually charge customers.
Deliv said Wednesday it raised $28 million from a group of investors, including United Parcel Service Inc., a first-time investor.
UPS says the investment will help it observe the same-day delivery market.
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