Brief: Chinese e-grocery giants Dingdong, Missfresh file for US IPOs
June 11, 2021
Both companies source fresh produce from farmers and agribusinesses and deliver it to consumers, who can order groceries through a mobile app.
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Tag: food e-commerce
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.
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.
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: 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.
‘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.
TradeCafe raises $7.9m to expand its online marketplace for protein commodities
March 8, 2021
The Toronto-based startup is hoping to digitalize an antiquated industry that relies on middlemen to broker deals between buyers and sellers.
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.
Why we invested in Jüsto
February 11, 2021
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.
BRIEF: Uber gulps down drinks deliverer Drizly in $1.1bn deal
February 3, 2021
Drizly, which hosts thousands of merchants across 1,400 US cities on its alcohol delivery marketplace, will be integrated into Uber Eats.
Grab triples food delivery revenue; archrival Gojek considers merger options
January 5, 2021
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.
Xingsheng raises $700m from JD as group buying faces food industry backlash
December 18, 2020
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.
Grab makes major e-grocery move with first ‘dark store’ as merger talks continue
December 3, 2020
Pushing further into food e-commerce, Singapore-based Grab has opened its first ‘dark store’ as negotiations with Indonesian archrival Gojek gather pace.
Farm produce platform Nice Tuan makes it $450m funding for the year with Alibaba-led tranche
December 1, 2020
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.
FreshToHome banks $121m in India’s ‘largest ever Series C funding for consumer tech’
October 28, 2020
The Bengaluru-based startup claims to be “the world’s largest fully integrated online brand in fresh fish and meat e-commerce.”
Walmart, Flipkart invest $30m in Indian farmer-to-business platform Ninjacart
October 13, 2020
Ninjacart, which helps farms sell produce directly to restaurants and retailers, previously received investment from the pair in December last year.
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