JOKR raises $ 170 million for super-fast grocery delivery
JOKR, a company that promises grocery delivery in under 15 minutes with no minimums or fees, has raised $ 170 million in Series A financing led by GGV Capital, Balderton Capital and Tiger Global.
Why is this important: As if last year’s grocery delivery boom weren’t enough, JOKR is part of a new generation of companies delivering super-fast delivery, with little to no cost, and using networks of ” dark stores’ strategically distributed throughout a city.
- JOKR and some of its peers also employ their delivery drivers instead of outsourcing – a practice that has come to be widely criticized over the years as the exploitation of labor by so-called “economy” companies. massive “.
Details: The company, which launched earlier this year, says it operates in seven countries and is currently available in parts of New York City as America’s top market.
- JOKR’s co-founder and CEO, Ralf Wenzel, previously founded food delivery startup Foodpanda, and became the Chief Strategy Officer of Delivery Hero when the company acquired the company in 2016. He was most recently at SoftBank, which he says gave him additional insight into global e-commerce. trends given the Japanese giant’s portfolio of such investments.
- Activant Capital, Greycroft, Fabrice Grinda’s FJ Labs, Kaszek, Monashees and HV Capital also participated in this fundraising. JOKR previously raised an undisclosed amount of seed funding.
Go further: Next step: super-fast delivery