Tag: on-demand
RaRa Delivery gets $3.25M for its ambitious on-demand delivery plans in Indonesia
RaRa Delivery’s ambitious goal is to offer same-day deliveries in Indonesia without burning cash like many on-demand logistics providers. The company announced today it has raised $3.25 million in seed funding led by Sequoia Capital India’s Surge program and East Ventures. Other participants included 500 Startups, Angel Central, GK Plug…
Read More
Vietnamese on-demand e-commerce platform Loship raises $12M at a valuation of $100M
Loship, the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. The round was co-led by BAce Capital, an Ant Group-backed venture firm, and the direct investment unit of Sun Hung Kai…
Read More
Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows
The clock has officially started ticking on Deliveroo’s plans to go public in April. After announcing last week that it planned to list on the London Stock Exchange, today the on-demand food delivery company backed by Amazon and others published selected updated financials for the previous fiscal year, along with its…
Read More
Bolt raises $182M to expand its on-demand transportation network in Europe and Africa
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and on bikes across developed and emerging markets in EMEA is announcing a major round of funding. Bolt, which…
Read More
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…
Read More
Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art
Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art. As in other countries, COVID-19 lockdowns increased demand for online food…
Read More