Here in the U.S. we have data showing that curbside pickup is the most popular option for e-commerce grocery shoppers. As such, we’ve seen companies like Albertsons and Walmart invest in new fulfillment systems to make curbside pickup easier for its customers. Over in Europe, the biggest activity we’ve seen in the grocery space is…
Grocery retailer Kroger announced today the launch of its Kroger Our Brands Recycling Program, an expansion of an earlier program developed in partnership with TerraCycle. The program aims to make it easier for consumers to recycle flexible plastic packaging. Flexible plastic packaging includes things like snack pouches, potato chip bags, packets of cheese, and frozen…
Misfits Market, an online marketplace that sells imperfect foods at a discount, announced today that it has raised a $200 million Series C round of funding. According to a press release shared with The Spoon, the round was co-led by Accel and D1 Capital, with participation by existing investors including Valor Equity Partners, Greenoaks Capital,…
Cairo-based grocery delivery service Appetito has raised a $450,000 Seed round of funding, reports Business Africa Online. Ahmed Al Alola and a group of Saudi Angel investors led the round along with Afropreneurs Fund, with participation from Jeda Capital. Formed in March of 2020, Appetito originally started out with a chain of delivery-only (or “dark”)…
UK-based grocer Ocado announced today that it has invested £10 million (~$13.8M USD) in autonomous vehicle (and fellow UK) company Oxbotica. The investment is part of an broader, multi-year deal to develop self-driving hardware and software. For Ocado, autonomous vehicle tech could have a number of uses, from self-driving warehouse vehicles to delivery vans to…
Grocery giant Kroger officially opened the first of its automated Customer Fulfillment Centers today in Monroe, Ohio, just north of Cincinnatti. Kroger had soft-opened the facility at the beginning of March, but today marks it’s official debut. The Monroe CFC is 375,000 square feet and is powered by Ocado‘s automation technology. The CFC features 1,000…
Self-driving delivery startup Udelv announced today that it is launching a new “Transporter” vehicle that will use autonomous driving technology from Mobileye, an Intel company. The new Transporter marks a couple of shifts for Udelv. First, the Transporter abandons the company’s traditional cargo delivery van form factor in favor of a more pod-like “skateboard” vehicle.…
Mercato, an online platform that helps smaller groceries establish e-commerce stores, has raised a $26 million Series A round of funding. TechCrunch was first to report the news today, writing that the round was led by Velvet Sea Ventures with participation from Team Europe and returning Seed investors Greycroft and Loeb.nyc. As we have covered…
Trax, a computer vision company that helps physical retailers and CPG companies with inventory management, announced today that it has raised a $640 million Series E round of funding. The round was led by SoftBank Vision Fund 2 and funds management by existing investor BlackRock. Other investors include OMERS and Sony Innovation Fund by IGV.…
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Delivery service Glovo announced today it has raised €450 million (~$528 million USD) in Series F funding. The round was led by Lugard Road Capital and the Luxor Capital Group, with participation from returning investors Delivery Hero, Drake Enterprises, and GP Bullhound. Barcelona, Spain-based Glovo says that this fundraise — its largest to date —…
Takeoff Technologies launched its first grocery automated fulfillment center in the fall of 2018. Needless to say, a lot has happened in the grocery space since then, including a global pandemic that abruptly pushed record amounts of grocery shopping online. To keep up with this wave of grocery e-commerce, more grocers have accelerated and adopted…
Given the frothy state of funding, it feels like there is a giant online supermarket stocked full of grocery-related startups and VCs are just wandering the aisles, filling up their baskets with companies promising to revolutionize the way we get our food. At the beginning of March, we wrote about a single 12-hour period in…