CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
Trella, Capiter, and MaxAB are among dozens of startups that have raised funding of late to overhaul Egypt’s fragmented and inefficient B2B logistics space.
The e-commerce platform — which is reportedly exploring an IPO in the US in 2022 or 2023 — said it recently reached 20 million registered users.
Wolt CEO Miki Kuusi will become head of DoorDash International, leading its global expansion efforts and reporting directly to the US company’s CEO Tony Xu.
The US fresh produce platform will use the funds to “turbocharge our software and services growth and extend our e-commerce reach from coast to coast,” said CEO Mike Xu.
Freshmart was founded in 2016 and claims to have an 18-20% share of the online food market in Peru.
While investment in eGrocery services increased substantially, especially in China, the return of foot traffic to brick and mortar retailers and restaurants saw investment double in technologies servicing them.
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
Having overtaken e-commerce behemoth Alibaba on the active buyers front, Pinduoduo’s looking upstream at alt-protein and logistics tech, its sustainability head tells AFN.
It closed its Series B round just three months ago – but says it needed more money for its aggressive expansion plans.
Dingdong Maicai has slashed its IPO pricing by 74% following its Chinese e-grocery rival’s rough debut last Friday.
Competitors Missfresh and Dingdong filed for New York IPOs earlier this month.
The deal will see VinCommerce partner with the Chinese tech giant’s Lazada platform to build an e-grocery service in the country.
Dingdong Maicai said it will use the funding for regional expansion, enhancement of its fresh produce supply chain capabilities, and to hire more personnel.
Uber is set to announce its Q1 results this week as it continues the hunt for profitability by focusing on its core businesses: transport and food delivery.
With e-grocery adoption skyrocketing due to Covid-19, grocery delivery companies like UK-based Ocado are finding new reasons to seek out innovation.
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
The proposed deal would value Grab at around $35 billion and could complete as soon as this week, according to people familiar with the matter.
Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
The Spanish ‘q-commerce’ app delivers takeout meals, groceries, and other items on demand to more than 10 million users across 20 European countries.
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