Category: Future of Grocery
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Corner store and café chain Foxtrot Market announced today that it has raised a $42 million Series B round of funding. Alamanac Insights and Monogram Capital Partners led the round with participation from David Chang, Imaginary Ventures, Wittington Ventures, Fifth Wall, Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, M3 Ventures, The University of…
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Total grocery e-commerce sales in the U.S. hit $9.3 billion this past January, with nearly 70 million households placing an average of 2.8 orders across delivery, pickup and ship-to-home categories, according to a new Brick Meets Click/Mercatus Grocery Shopping Survey. January’s $9.3 billion in sales is up 15 percent over November 2020, and Brick Meets…
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Grocery chain Meijer announced this week it is on track to complete its food waste reduction program with Flashfood this year, with plans to expand the initiative across all Meijer stores in the Midwest. The program, which involves customers buying surplus Meijer food via the Flashfood app, originally launched in 2019 and was slated for…
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The Chinese online grocery app Xingsheng Youxuan has raised $2 billion in new funding, Reuters reports. According to Reuters’ sources, investors in the round include FountainVest Partners, Primavera Capital Group and KKR & Co. The new funding values Xingsheng Youxuan at $6 billion, but companies involved did not confirm details with Reuters. Founded three years…
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Cashierless checkout startup Standard Cognition announced today that it has raised a $150 million Series C round of funding. The round was led by SoftBank Vision Fund 2, with participation from existing investors CRV, EQT Ventures and TI Platform Management, along with new investors SK Networks and others. This brings the total amount of funding…
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AiFi is bringing its computer-vision based cashierless checkout technology to Amsterdam-based Wundermart‘s chain of convenience stores worldwide, the two companies announced today. Wundermart currently operates 70 unattended “grab-and-go” convenience stores throughout Netherlands, Belgium and Germany. These stores are typically between 50 and 200 sq. ft. and located in hotels, offices and transportation hubs. While the…
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Gatik, which focuses on self-driving vehicles for middle-mile delivery, today announced its electrification strategy and introduced its new Electric Autonomous Box Truck. The first of Gatik’s electric trucks will be Ford Transit 350 HDs that were developed in partnership with electric drive company Via Motors. The new trucks have an all-electric powertrain, a range of…
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Ahold Delhaize announced today that it is building out an automated fulfillment center in Philadelphia (hat tip to Winsight Grocery Business). When completed, this facility will be able to fulfill 15,000 online delivery orders a week. This new fulfillment pilot will be powered by Peapod Digital Labs, Ahold Delhaize’s in-house e-commerce engine, and offered to…
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Virtual food marketplace GrubMarket announced today it has raised $90 million in an oversubscribed Series D round, up from $60 million when the round was first announced in October 2020. Participants include “funds and accounts” managed by BlackRock, ACE & Company, Celtic House Venture Partners, Sixty Degree Capital, The Strand Partners, Reimagined Ventures, Trinity Capital…
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Imperfect Foods has increased its recently announced series D round to $110 million, up from $95 million. The increased round now includes two additional investors, Hamilton Lane and Blisce, and brings Imperfect’s total funding to $229.1 million. The company says it will increase the production capacity of its online grocery store and improve the shopping…
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Grocery retailer Stop & Shop is testing out the use of pickup lockers at one of its Boston stores (hat tip to Supermarket News). The temperature-controlled lockers allow customers to place an order online and have that order assembled and securely kept in-store until pickup. The new lockers have three temperature settings: frozen, refrigerated and…
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Rosie, which provides an online marketplace for local grocery stores, announced today that it has raised a $10 million Series A round of funding. The round was led by Avenue Growth Partners and brings the total amount raised by Rosie to nearly $12 million. Founded in 2012 and based in Ithaca, NY, Rosie is an…
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