Fuel Ventures Portfolio Company Shift Successfully Leads the Acquisition of Logistics Giant Yodel (£575 Million Annual Revenue)

United Kingdom, February 2024 - As one of the UK's largest logistics platforms, Yodel serves numerous well-known brands, including Vinted, Argos, eBay, and Gousto. It accomplishes over 190 million deliveries yearly through 50 sites across the UK, with an astonishing annual revenue of £575 million.

Investors won’t receive cash immediately if the deal completes, but be paid out at each anniversary over the next three years. However, they could also choose to convert to equity which is what we expect will happen at a certain point. This acquisition aims to merge Yodel with Shift, creating a logistics powerhouse in the UK.