Google acquired a Waterloo-based BufferBox, which specializes in providing users with temporary lockers to receive delivery of packages from online retailers. The terms of the deal weren’t disclosed, but according to TechCrunch, the search giant paid north of $17 million for BufferBox.
Speaking to the Financial Post, BufferBox founder McCauley said that they’re hoping to “build out [its] vision a bit quicker” with the help of Google’s vast resources and talent. BufferBox will retain its distinct brand as part of the deal, but we don’t know Google’s plans for the startup — all we have is this short statement:
We want to remove as much friction as possible from the shopping experience, while helping consumers save time and money, and we think the BufferBox team has a lot of great ideas around how to do that
In other words, we’ll have to wait a little longer to see where this goes…