Friends since childhood, Chieh Huang, Christopher Cheung, and William Fong, along with Jared Yaman, came up with the idea of starting a mobile app for wholesale products in bulk, without the costly membership fees such as Costco.
The company began its business in 2013 and began shipping out of Huang’s garage. In 2014, Express was launched. This service is an on-demand grocery delivery service that was available in New York, New Jersey, and Boston. Customers picked their groceries, including fresh fruit and vegetables, then chose a day and time for delivery.
n June 2015, Boxed launched its premium private brand Prince & Spring. Many customers wonder what is the difference between Amazon and Boxed or Costco and Boxed? CNBC comparison shopped Costco and Boxed in April 2019. After comparing prices on 26 basic items, CNBC says that Costco came out to be less expensive.
The company partnered with Lidl in May 2019 to provide customers with fresh produce and other grocery products. Boxed also partnered with Century 21 stores (not the real estate company) in August 2019, to provide customers with designer brand clothing, something that Millenials have an interest in.
Headquarters for Boxed are located in New York, New York.