Roughly 70% of German agrifood’s $3.3 billion in funding went to just two companies, both part of the now-struggling instant-delivery sector.
China’s Furong Xingsheng and rapid delivery services in the US, Germany, and Turkey made eGrocery the most funded agrifoodtech category of 2021.
Square Roots will leverage URB-E’s fleet of last-mile, small electric vehicles to deliver vertically-grown greens faster and cheaper than traditional vans.
The Nairobi-based startup raised $1 million in pre-seed funding last year.
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.
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
The category continues to evolve as digital tools blur the lines between mealkits, virtual restaurants, and dark grocery stores.
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.
Nuro and Google will additionally “explore opportunities together to strengthen and transform local commerce,” the Californian startup said.
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
It distinguishes itself from other robo-delivery startups by relying on remote drivers instead of automation to pilot its robots through the streets.
Zomato, which competes for the mantle of India’s top food delivery app with rival Swiggy, is reportedly valued at $12.2 billion post-IPO.
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
It closed its Series B round just three months ago – but says it needed more money for its aggressive expansion plans.
The Tel Aviv-based startup plans to use the Series E funds to pursue M&A deals that will allow it to rapidly scale.
It started out as a last-mile food delivery app in 2011 before branching out to become a ‘full stack’ logistics and fulfillment platform.
Gojek edges Singapore-based rival Grab – which is in the midst of its own $40 billion SPAC merger – as Indonesia’s most popular food delivery app.
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.
Zomato, which was founded in 2008, has raised a total of $2.1 billion to date from the likes of Ant Financial, Temasek, and Sequoia Capital.
