Tag: online grocery
Rohlik raises $119M at a $1.2B valuation to grow its 2-hour grocery delivery service in Europe
“Instant” grocery delivery has been a big theme among food startups in Europe, where customers can order from a limited assortment of items and get their purchases packed from “dark stores” and delivered in sometimes as little as 10 or 15 minutes. But today a startup that’s built a much…
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Mercato raises $26M Series A to help smaller grocers compete online
The pandemic upended the way people shop for their everyday needs, including groceries. Online grocery sales in the U.S. are expected to reach 21.5% of the total grocery sales by 2025, after leaping from 3.4% pre-pandemic to 10.2% as of 2020. One business riding this wave is Mercato, an online…
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KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu
Walmart announced today it will sell most of its shares in Seiyu, the Japanese supermarket chain it acquired 12 years ago, to KKR and Rakuten. The deal values Seiyu at about $1.6 billion and means Walmart will almost completely exit its operations in Japan. Under the agreement, investment firm KKR…
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Walmart’s Sam’s Club launches curbside pickup nationwide
Walmart’s online grocery business has been a significant contributor to its growing e-commerce sales, particularly now amid the coronavirus pandemic. Now the retailer is expanding access to curbside pickup at its warehouse club chain, Sam’s Club. Today, Sam’s Club announced the nationwide launch of curbside pickup, bringing the service to…
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What grocery startup Weee! learned from China’s tech giants
When Larry Liu moved to the U.S. in 2003, one of the first challenges he experienced was the lack of Chinese ingredients available in local groceries. A native of Hubei, a Chinese province famous for its freshwater fish and lotus-inspired dishes, Liu got by with a limited supply found at…
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Amazon expands use of SNAP benefits for online grocery to 11 more states
Amazon customers in nearly a dozen more U.S. states are now able to use their SNAP (Supplemental Nutrition Assistance Program) benefits to purchase groceries online, the retailer announced on Thursday. The news represents a significant expansion of a United States Department of Agriculture (USDA) pilot program introduced in 2019 that aimed to…
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