Brief: Gates Foundation leads $707m investment in Dutch e-grocer Picnic
September 17, 2021
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
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Tag: egrocery
After overtaking Alibaba, ag marketplace Pinduoduo is focusing on foodtech to hit profitability
July 5, 2021
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.
Brief: Czech e-grocer Rohlik raises $119m to join unicorn club three months after $238m round
July 1, 2021
It closed its Series B round just three months ago – but says it needed more money for its aggressive expansion plans.
Dingdong downsizes after Missfresh misfires
June 29, 2021
Dingdong Maicai has slashed its IPO pricing by 74% following its Chinese e-grocery rival’s rough debut last Friday.
Brief: Chinese e-grocers seek to raise a combined $700m in US market debuts
June 24, 2021
Competitors Missfresh and Dingdong filed for New York IPOs earlier this month.
Alibaba leads $400m investment in Vietnam e-grocery play following Korea’s SK $410m injection
May 24, 2021
The deal will see VinCommerce partner with the Chinese tech giant’s Lazada platform to build an e-grocery service in the country.
Chinese produce platform Dingdong Maicai raises $1bn from SoftBank, Coatue
May 17, 2021
Dingdong Maicai said it will use the funding for regional expansion, enhancement of its fresh produce supply chain capabilities, and to hire more personnel.
Brief: Uber doubles down on food & grocery offerings in profitability push
May 4, 2021
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.
Brief: E-grocer Ocado invests $14m in autonomous vehicle startup Oxbotica
April 21, 2021
With e-grocery adoption skyrocketing due to Covid-19, grocery delivery companies like UK-based Ocado are finding new reasons to seek out innovation.
Grab confirms record-breaking $40bn SPAC deal; archrival Gojek nears $18bn merger
April 14, 2021
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
Brief: Food delivery app Grab said to target US listing in biggest ever SPAC deal
April 7, 2021
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.
Brief: Indian food delivery app Swiggy hits $5bn valuation; raises $800m from Goldman, others
April 6, 2021
Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
Brief: Food ordering app Glovo raises $528m from Delivery Hero, others
April 1, 2021
The Spanish ‘q-commerce’ app delivers takeout meals, groceries, and other items on demand to more than 10 million users across 20 European countries.
Brief: Chinese e-grocer Nice Tuan raises $750m in Alibaba, DST-led round
March 31, 2021
The app allows shoppers to form groups to collectively buy farm produce and other groceries in bulk at competitive prices.
‘China’s largest ag platform’ reports bumper growth, founder quits for foodtech
March 18, 2021
Pinduoduo served 788 million annual active buyers in 2020 – the first time it has overtaken Alibaba in user numbers.
Brief: Walmart, Tencent join $2.2bn funding for Japanese e-commerce giant Rakuten
March 15, 2021
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.
Brief: Deliveroo confirms London for IPO; sets aside $69m shares for users, $22m for drivers
March 8, 2021
The UK food delivery app also said it will pay its self-employed drivers IPO bonuses of up to $13,827 each.
VC Q&A: Why India’s rural development bank invested in an online butcher’s $15m fundraise
March 4, 2021
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.
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.
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.
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