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.
The app allows shoppers to form groups to collectively buy farm produce and other groceries in bulk at competitive prices.
Pinduoduo served 788 million annual active buyers in 2020 – the first time it has overtaken Alibaba in user numbers.
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 UK food delivery app also said it will pay its self-employed drivers IPO bonuses of up to $13,827 each.
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.
Bouyed by booming demand for e-grocery amid Covid-19 and some promising unit economics, Good Eggs is expanding beyond the Bay Area.
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
The Singapore-based app expects GrabFood to hit breakeven by the end of 2021 – with or without prospective merger partner Gojek, which has reportedly opened talks with e-commerce giant Tokopedia.
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.
Abu Dhabi has been looking at ways to produce more of its food closer to home in light of the pandemic, geopolitical flux, and advances in agtech.
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 UK firm is buying two US startups, with CEO Tim Steiner seeing “significant opportunities” in robotic manipulation solutions for online retail and logistics.
Biological innovation is key to the economic & environmental sustainability of CEA