Shopify paid $450 million for 6 River Systems in 2019.
The 6 River Systems sale was part of a major pivot away from logistics by Shopify.
UK grocery giant Ocado paid just $12.7 million to acquire 6 River Systems from Shopify in May, according to Ocado's mid-year financial report released July 18.
Ocado ultimately paid less than 3% of what Shopify paid for 6 River Systems less than four years ago.
The companies did not disclose the financial details of the 6 River Systems deal at the time of the announcement.
Persons:
Ocado, Shopify, Ocado's, Chuck, Deliverr didn't, Tobi Lütke, Lütke
Organizations:
Systems, Shopify, Amazon
Locations:
Shopify, Massachusetts