Brief: Robo-delivery startup Nuro raises $600m from Google, Kroger
November 2, 2021
Nuro and Google will additionally “explore opportunities together to strengthen and transform local commerce,” the Californian startup said.
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Tag: food delivery
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.
Are restaurants ready to deploy delivery robots? Following $36m funding, Coco says yes
September 13, 2021
It distinguishes itself from other robo-delivery startups by relying on remote drivers instead of automation to pilot its robots through the streets.
Brief: Zomato sees share price leap 70% on Indian market debut
July 23, 2021
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.
Brief: UAE cloud kitchen startup Kitopi raises $415m, joins billion-dollar club
July 5, 2021
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
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.
Bringg bags $100m for logistics platform used by Albertsons, Walmart; joins unicorn club
June 18, 2021
The Tel Aviv-based startup plans to use the Series E funds to pursue M&A deals that will allow it to rapidly scale.
Brief: Delhivery raises $277m in pre-IPO round
May 31, 2021
It started out as a last-mile food delivery app in 2011 before branching out to become a ‘full stack’ logistics and fulfillment platform.
Southeast Asian food e-commerce giants Gojek & Tokopedia confirm $18bn merger
May 18, 2021
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.
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: Indian food delivery app Zomato files for $1.1bn IPO
April 28, 2021
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.
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: Deliveroo drops $3bn on debut as investors spooked by ESG, profitability concerns
April 1, 2021
The UK-based food delivery app saw its share price nosedive by as much as 30% during its first day of trading on the London Stock Exchange yesterday.
Meallogix raises $1.7m for food prep ERP software
March 24, 2021
The San Diego-based startup is digitalizing the meal preparation business so that smaller players can streamlime operations, cut inefficiencies, and boost profits.
Why AgFunder invested in URB-E
March 8, 2021
It’s environmentally clean, growing at double digits, and able to increase the convenience of doorstep grocery delivery, writes Manuel Gonzalez.
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