Swedish last-mile delivery startups Instabox and Budbee plan to merge and create Instabee, valued at ~$1.66B (Rafaela Lindeberg/Bloomberg)

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Rafaela Lindeberg / Bloomberg:
Swedish last-mile delivery startups Instabox and Budbee plan to merge and create Instabee, valued at ~$1.66B  —  Swedish last-mile delivery operators Instabox AB and Budbee AB plan to merge to create a new company at a valuation of 18 billion kronor ($1.66 billion), according to an emailed statement.

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