Brief: Misfits Market to acquire Imperfect Foods, says IPO is ‘most likely’
September 7, 2022
The deal strengthens the companies’ business model of selling surplus and ‘ugly’ foods to consumers at discounted prices.
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Tag: online grocery
BREAKING: Clicampo raises $7.5m to digitize trade between Brazil’s farmers and retailers, reduce inequalities
June 15, 2022
The digital ag marketplace aims to bring fairer prices to restaurants and retailers and more profit to small and medium farmers.
Instant grocery delivery’s future looks murky as Getir, Gorillas & Zapp announce cuts
May 26, 2022
Layoffs, redundancies, and cooling investor sentiment are the major themes for instant grocery delivery startups this week.
Data Snapshot: Over a third of 2021 agrifoodtech investment went to e-grocers
March 30, 2022
China’s Furong Xingsheng and rapid delivery services in the US, Germany, and Turkey made eGrocery the most funded agrifoodtech category of 2021.
After overtaking Alibaba, ag marketplace Pinduoduo is focusing on foodtech to hit profitability
July 5, 2021
Having overtaken e-commerce behemoth Alibaba on the active buyers front, Pinduoduo’s looking upstream at alt-protein and logistics tech, its sustainability head tells AFN.
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.
Dingdong downsizes after Missfresh misfires
June 29, 2021
Dingdong Maicai has slashed its IPO pricing by 74% following its Chinese e-grocery rival’s rough debut last Friday.
Brief: Chinese e-grocers seek to raise a combined $700m in US market debuts
June 24, 2021
Competitors Missfresh and Dingdong filed for New York IPOs earlier this month.
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.
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: 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.
BRIEF: On-demand delivery apps Getir & Glovo get $100m+ apiece in ‘dark store’ drive
January 19, 2021
Spain’s Glovo and Turkey’s Getir are both targeting the boom in demand for so-called ‘q-commerce’ – ultra-quick, 30-minute-max delivery of groceries purchased online.
Ocado spends $287m in retail robotics double-swoop
November 3, 2020
The UK firm is buying two US startups, with CEO Tim Steiner seeing “significant opportunities” in robotic manipulation solutions for online retail and logistics.
Alibaba pays $3.6bn to acquire hypermarket chain in tech-driven ‘new retail’ push
October 23, 2020
Sun Art operates close to 500 stores across China which have been integrated with Alibaba’s food e-commerce platforms Taoxianda and Tmall Supermarket.
Zomato looks to boost balance sheet, plug China gap in advance of IPO with $52m funding
October 16, 2020
The Indian food delivery unicorn is planning to go public in H1 2021.
DoorDash enters the online grocery wars with new one-hour delivery offering
August 20, 2020
It faces steep competition from players like Walmart and Amazon, who have been in a bitter fight to acquire consumers — and keep them.
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I’m drowning in new food! Can someone please restructure me out of this mess?