Brief: Rakuten, KKR buy into Walmart’s Japanese supermarket giant Seiyu
March 3, 2021
“We are excited to accelerate Seiyu’s digital transformation […] to become Japan’s leading omnichannel retailer,” said new CEO Tsuneo Okubo.
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Tag: e-commerce
Brief: Indian e-grocer Grofers said to seek SPAC deal after stalled acquisition talks
February 15, 2021
Grofers is reportedly targeting a ‘reverse merger’ that would value it at around $1 billion after negotiations with prospective buyers hit a dead end.
Why AgFunder invested in Jüsto
February 11, 2021
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.
BRIEF: Uber gulps down drinks deliverer Drizly in $1.1bn deal
February 3, 2021
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
Tractor Zoom scores $3m Series A to expand ‘transparent’ equipment pricing platform
December 18, 2020
The Iowan startup analyzes transactions involving second-hand farm equipment to provide price transparency through real-time sales comparisons.
Xingsheng raises $700m from JD as group buying faces food industry backlash
December 18, 2020
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.
Goldman, Tencent-backed Missfresh banks $306m from Chinese state-linked funds
December 14, 2020
The e-grocer – which was China’s top-funded agrifood startup in 2019 – raised $495 million for its Series F round earlier this year.
Grab makes major e-grocery move with first ‘dark store’ as merger talks continue
December 3, 2020
Pushing further into food e-commerce, Singapore-based Grab has opened its first ‘dark store’ as negotiations with Indonesian archrival Gojek gather pace.
Farm produce platform Nice Tuan makes it $450m funding for the year with Alibaba-led tranche
December 1, 2020
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.
FreshToHome banks $121m in India’s ‘largest ever Series C funding for consumer tech’
October 28, 2020
The Bengaluru-based startup claims to be “the world’s largest fully integrated online brand in fresh fish and meat e-commerce.”
Walmart, Flipkart invest $30m in Indian farmer-to-business platform Ninjacart
October 13, 2020
Ninjacart, which helps farms sell produce directly to restaurants and retailers, previously received investment from the pair in December last year.
Google leads $28m Dunzo funding as Indian food e-commerce receives pandemic pickup
September 2, 2020
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%.
TemperPack raises $31m Series C to meet surge in demand for food e-commerce
August 13, 2020
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 fighting farmers’ Covid-19 marketing burnout with technology
August 7, 2020
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.
Nice Tuan nets another $80m amid China’s fresh food group-buying hype
July 29, 2020
It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.
Tencent, Goldman Sachs pump $495m into Chinese e-grocer MissFresh
July 23, 2020
MissFresh was the highest-funded agrifoodtech startup in China last year, raising $700 million in a debt round from a local government-linked fund, according to AgFunder research.
Covid-19 pivot locks in $4m for Italian delivery platform Soplaya
July 16, 2020
Few startups can say they’ve had an easy time fundraising this year. But Soplaya says the round it just closed was fast and painless, all things considered.
Q&A: Covid-19 has made us turn to local farmers, says head of Singapore’s top e-grocery site
June 1, 2020
E-commerce demand has skyrocketed, while local farmers and growers are picking up a lot of the slack in supply chains, says the man in charge of RedMart.
Highly essential? Legal cannabis continues to come of age despite Covid-19
May 25, 2020
A global pandemic provides the industry with an opportunity to demonstrate not only its staying power but its strong consumer demand, as well.
Steward launches online services to help farmers find new digital routes to market
April 23, 2020
Covid-19 has wreaked havoc on the restaurant industry leaving many farmers dependent on wholesale accounts without a place to sell harvests.
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