As billions flow into a crowded online grocery market, a wave of consolidation could be on the way

Venture-backed grocery companies have already raised over $10 billion so far in 2021, according to data from Pitchbook.

Investors have poured billions of dollars into on-demand grocery delivery firms — some of which are barely a year old — after the coronavirus pandemic accelerated a shift toward online shopping. The craze has spread to Europe over the last year, with a host of grocery apps gaining traction by touting deliveries in 10-20 minutes: Getir, Gorillas, Weezy, Flink, Zapp and Dija, to name but a few.

this is terrible news

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Didi Stock Soars on First Day, Notching $80 Billion Market ValueDidi's stock jumped as much as 19% in its first day of trading, bucking a trend of poor performance that has plagued other Chinese companies’ IPOs Senator Mitch McConnell, and his wife, Elaine Chao, have a lot of influence in China. They can help stop the systematic genocide. McConnell’s powerful family in China can help millions who are imprisoned in concentration camps in Xinjiang province.
Source: WSJ - 🏆 98. / 63 Read more »