Dingdong Maicai said it will use the funding for regional expansion, enhancement of its fresh produce supply chain capabilities, and to hire more personnel.
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
Rakuten, Japan’s top e-commerce company, entered into a strategic alliance with Walmart in 2018 which saw the pair launch the country’s leading e-grocery service.
The Toronto-based startup is hoping to digitalize an antiquated industry that relies on middlemen to broker deals between buyers and sellers.
TenderCuts is the first consumer-focused investment by the VC arm of state-owned agricultural bank NABARD, the fund’s CEO Rajesh Ranjan tells AFN.
“We are excited to accelerate Seiyu’s digital transformation […] to become Japan’s leading omnichannel retailer,” said new CEO Tsuneo Okubo.
Grofers is reportedly targeting a ‘reverse merger’ that would value it at around $1 billion after negotiations with prospective buyers hit a dead end.
The Mexican e-grocer announced its $65m Series A led by General Atlantic this week, the biggest Series A round in Latin America for a decade.
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
The Iowan startup analyzes transactions involving second-hand farm equipment to provide price transparency through real-time sales comparisons.
The Changsha-based platform allows communities to band together to purchase fresh produce in bulk. But suppliers and supermarkets say the model’s stealing their business.
The e-grocer – which was China’s top-funded agrifood startup in 2019 – raised $495 million for its Series F round earlier this year.
Pushing further into food e-commerce, Singapore-based Grab has opened its first ‘dark store’ as negotiations with Indonesian archrival Gojek gather pace.
It’s the fourth fundraise of 2020 for the Chinese startup, which allows end customers and businesses to team up and purchase produce in bulk from farmers.
The Bengaluru-based startup claims to be “the world’s largest fully integrated online brand in fresh fish and meat e-commerce.”
Ninjacart, which helps farms sell produce directly to restaurants and retailers, previously received investment from the pair in December last year.
Delivery app Dunzo reported a tripling in demand amid the country’s continuing Covid-19 outbreak, while rival e-grocer BigBasket saw new customer numbers rise 84%.
The Richmond, Virginia-based startup is ramping up production to meet the surge in demand for meal kits and other food e-commerce offerings amid Covid-19.
Food4All is using a $100k loan from the USDA’s Small Business Innovation Research program to help small and midsize farms tap into wholesale and institutional buyers.
It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.
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