The Singapore-based startup has acquired stakes in ag produce supply chain businesses in Indonesia, Malaysia, and Vietnam in recent weeks.
The Californian e-grocer will use the funds to expand its platform, which sells ‘hard-to-find’ Asian and Latin food, household, and beauty items.
E-grocery exploded during the Covid-19 pandemic. In Nigeria, Grocedy’s focus is on helping consumers save on rising food costs rather than shopping convenience.
The Series A round led by Collaborative Fund will allow the Boston-based startup to enhance its ‘liquidation platform’ that helps CPG brands reduce food waste.
The Singapore-based startup plans to launch into neighboring Malaysia and Indonesia during Q1 2022.
The Rwandan company has experienced — and taken on — the full range of food production, manufacturing, and distribution challenges one would expect in a frontier market, says founder Lauren Nkuranga.
The Jakarta-based startup is relying on micro-fulfillment, refrigeration, and last-mile, ‘in-time’ delivery – as well as its 1,000-plus farmer partners – to do it.
The US tech giant also said it’s building “robust temperature-controlled supply chain infrastructure” to preserve food quality and reduce waste.
The Tel Aviv-based startup plans to use the Series E funds to pursue M&A deals that will allow it to rapidly scale.
Both companies source fresh produce from farmers and agribusinesses and deliver it to consumers, who can order groceries through a mobile app.
Sponsored
Apply for Glocal’s 2022 program & join the Latin American agrifoodtech revolution