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E-Commerce Food Delivery Grocery Western Europe

London’s Jiffy scoops $28M for speedy grocery delivery

– London grocery delivery startup Jiffy raised $28m in Series A funding.
– The round was led by family-owned investment company Heartland, with Boston-based international VC fund Flint Capital also participating, along with gaming firm Playrix and existing investors Baring Vostok Capital Partners and LVL1 among others.
– The startup operates a network of its own dark stores to do fulfilment — enabling it to offer the promise of “fresh groceries in 15 minutes.”
– It has amassed around 20,000 customers so far across its six delivery zones (all in London for now).

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E-Commerce Food and Beverage Grocery North America Organic Food Subscription Service

Misfits Market Announces $225M Series C-1 to Accelerate Category and Market Expansion

– Misfits Market has closed a $225M Series C-1 round led by SoftBank Vision Fund 2 and with participation from Accel.
– The investment brings the company’s valuation to $2B and the overall funding raised by Misfits Market to $526.5M.
– The additional capital will be used to fuel nationwide expansion and increase the selection of items available to customers as Misfits Market builds a complete online grocery platform.
– On the heels of Misfits Market’s Series C round in April 2021 and during a pivotal period of change in the broader grocery industry, the company has experienced sustained growth as it makes headway on its mission to eradicate food deserts in America by 2025.

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E-Commerce E-Commerce Platforms Food and Beverage Grocery Online Portals Retail Technology Western Europe

Oddbox Receives £16M Investment from Burda

– Oddbox is a UK-based provider of a sustainable food waste reduction platform.
– The company received £16m primary and secondary investment from BurdaPrincipal Investments, the growth capital arm of media and tech company Hubert Burda Media.
– The new investment will be used to enhance the customer experience, expand its UK footprint and increase share options for employees.

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Delivery E-Commerce Food and Beverage Grocery Latin America

Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America

– Merqueo, a Latin American on-demand delivery service, raised $50m in Series C funding.
– The round was led by IDC Ventures, Digital Bridge and IDB Invest, and also included participation from other investors and previous shareholders.
– The company plans to use the new capital to expand its operations in Mexico, Brazil and Colombia.

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E-Commerce Food and Beverage Grocery Internet Western Europe

Flink Raises $240M in Series A Funding

– Flink from Berlin is an online grocery shopping service offering a selection of over 2,000 products to be delivered to clients in 10 minutes.
– The company raised $240m in Series A funding co-led by Prosus, BOND and Mubadala Capital.
– The new investment will be used to expand operations and business reach.

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Delivery Service E-Commerce Grocery Logistics Mobile Apps North Africa and the Middle East

Getir Raises $550M in Series D Funding at $7.5 Billion Valuation

– Getir from Istanbul develops a grocery delivery app.
– Series D $550m funding round brings company valuation to $7.5b.
– The round was led by Silver Lake, DisruptAD, Mubadala and insiders Tiger Global and Sequoia Capital.
– The new investment will be aimed at further expansion into the United States.

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Cooking Food and Beverage Grocery North America

Salted Raises $9M in Seed Financing

– Salted is a Los Angeles, Calif.-based platform that scales digitally native QSR (Quick Service Restaurant) brands.
– The company raised $9M in seed financing.
– The round was led by Kamine Development Corporation, with participation from Craft Ventures, Valor Equity Partners, Proof Ventures and Wonder Ventures.
– The new investment will be used to continue to expand the company’s business reach.

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E-Commerce Food and Beverage Grocery North America Organic Food Subscription Service

Discount grocery startup Misfits Market raises $200M

– Misfits Market, a startup known for selling “ugly” fruits and vegetables at discount prices, announced that it has raised $200m in Series C funding.
– The company says this brings its total funding to $301.5m and moves its valuation into unicorn territory (i.e. above $1bn).
– Founder and CEO Abhi Ramesh told me that the Delanco, New Jersey-based startup has expanded beyond produce into a variety of grocery categories.

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E-Commerce Grocery Loyalty Programs Mobile Apps North America Shopping

Fetch Rewards Raises Over $210M in Series D Funding

– Fetch Rewards is a Madison, Wis.-based consumer-loyalty and retail-rewards app.
– The company raised $210m in Series D funding.
– The round was led by SoftBank Vision Fund 2 with participation from existing shareholders ICONIQ, DST, Greycroft and e.ventures.
– The new funding will be used to expand the company’s business reach.

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Delivery Delivery Service E-Commerce Europe Grocery Same Day Delivery

Everli, the European marketplace for online grocery shopping, bags $100M Series C

– European online grocery shopping marketplace Everli raised $100m in Series C funding.
– The round was led by Verlinvest and joined by Luxor, DN Capital, C4 Ventures and Convivialité Ventures, FITEC (part of Fondo Italiano d’Investimento), 360 Capital, Innogest and DIP.
– The company plans to use the injection of capital to accelerate growth and further expand its international footprint.

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Delivery E-Commerce Europe Grocery

Gorillas, the on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation

– Gorillas, a Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as 10 minutes, has raised $290m in Series B funding.
– The round was led by Coatue Management, DST Global and Tencent, with participation from Green Oaks, Fifth Wall and Dragoneer. Previous backer Atlantic Food Labs also followed on.
– Gorillas CEO and co-founder Kağan Sümer tells TechCrunch the round is “100% equity” (i.e. without a debt component). Asked if it includes any secondary funding — seeing existing shareholders liquidate a portion of their shares — Gorillas declined to comment.

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Asia Consumer Goods E-Commerce Grocery Group Buying Social

Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

– KitaBeli, an Indonesian social commerce app for group buying, announced today it has raised a $10 million Series A.
– The round was led by Go Ventures, whose cornerstone investor is Gojek, with participation from returning investors AC Ventures and East Ventures.
– KitaBeli currently focuses on selling fresh produce and fast-moving consumer goods (FMCG) in areas outside of Indonesia’s major cities, including to people who have never shopped online before.
– Launched in March 2020 in Jarkata, KitaBeli then entered the cities of Solo and Malang.
– Its new funding will be used to expand KitaBeli’s operations in Java, growing its logistics network and developing its mobile app.

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Grocery Machine Learning North America Predictive Analytics Sales Automation Waste Management

AI-powered grocery inventory startup Shelf Engine nabs $41M

– Shelf Engine, a Seattle-based startup cofounded in 2015, aims to make a change by tapping AI to help stores increase profits while reducing product waste.
– The company today announced that it raised $41 million in series B funding, bringing its total raised to $58 million as its platform expands beyond 85 customers and over 2,000 stores nationwide.
– According to cofounder and CEO Stefan Kalb, grocery retailers that fail to innovate today could put their companies at risk.
– Traditionally, inventory managers use computer-assisted ordering and software-as-a-service solutions that require upfront hardware and software investments.
– These solutions frequently fail to account for on-hand inventory data and high volatility in sales patterns, such as with pandemic or weather-related buying.

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E-Commerce Grocery Local Mobile North America

Ethnic E-Grocer Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global

– Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global
– Weee! is the leading ethnic e-grocer in the US.
– Weee! serves 14 key regions coast-to-coast and aims to expand to 30 cities across North America by 2024.
– Weee! currently offers an assortment of over 10,000 products spanning ethnic ingredients essential to Asian and Hispanic cuisines.

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Delivery Delivery Service E-Commerce Grocery North America Same Day Delivery Shopping

Instacart raises $265M at a $39B valuation

– On-demand grocery delivery platform Instacart raised $265m funding.
– The round was led by existing investors, including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners and others.
– It brings the company to a valuation of $39 billion.
– The company plans to grow headcount by 50% in 2021.

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E-Commerce Europe Grocery Marketplace

Crisp Raises €30M in Series B Financing

– Crisp, an Amsterdam, The Netherlands-based provider of a supermarket app focused on building a fresh and transparently sourced product assortment, raised €30m in Series B financing.
– The round was led by Target Global, with participation from Keen Venture Partners and founders of Adyen and Just Eat Takeaway.com, as well as Thomas Plantenga, Vinted CEO.
– The new investment will be used to enlarge its electric vehicle fleet, substantially expand its thoughtful assortment, and strengthen its network with smaller producers for its customer base.

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Consumer Delivery Service E-Commerce Food and Beverage Food Delivery Grocery North America

Sustainable Online Grocery Company Imperfect Foods Raises $110 Million

– Imperfect Foods is a sustainable online grocery company.
– The company raised $110m in Series D funding.
– The round was led by Hamilton Lane and Blisce, and joined by existing investors, including Accel, Greycroft, and Advancit Capital.

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Asia E-Commerce Grocery Marketplace Retail

Jumbotail Raises $14.2M Series B3 Funding

– Jumbotail is an online wholesale marketplace and new retail platform for grocery and food items based in India.
– The company raised $14.2m in Series B3 funding round.
– The round was led by VII Ventures.
– The company intends to use the funds to scale its business to new geographies, expand its private label portfolio, partner with more FMCG brands and to grow its network of J24 modern convenience omnichannel grocery stores in partnership with mom & pop entrepreneurs.

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