The deal will see VinCommerce partner with the Chinese tech giant’s Lazada platform to build an e-grocery service in the country.
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.
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
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 Toronto-based startup is hoping to digitalize an antiquated industry that relies on middlemen to broker deals between buyers and sellers.
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.
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.
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 Bengaluru-based startup claims to be “the world’s largest fully integrated online brand in fresh fish and meat e-commerce.”
Ninjacart, which helps farms sell produce directly to restaurants and retailers, previously received investment from the pair in December last year.
Bunny Maicai is one of several ‘group-buying’ startups in China to have pulled in big bucks lately.
Delivery app Dunzo reported a tripling in demand amid the country’s continuing Covid-19 outbreak, while rival e-grocer BigBasket saw new customer numbers rise 84%.
