July 2021 – Technological innovation hub for retail


It’s been a, uh, “colorful” month for Amazon. There have also been numerous fundraising rounds and big moves related to the retail systems of Walmart, Asos, Marks and Spencer, and Casino Group.

Good month for …

The Grover electronics rental platform has raised $ 1 billion through a mix of equity and asset financing.

The Berlin-based circular economy startup said it would allow it to increase circulation from 475,000 so far to five million by 2024.

Fast grocery delivery startup Gopuff has raised $ 1 billion, valued at $ 15 billion.

Yoobic closed a $ 50 million Series C round of funding led by Highland Europe.

The company provides an app for frontline and service workers to manage tasks, communicate with each other and with management, and also perform training, development and other e-learning tasks.

Jokr’s fast start-up grocery delivery closed a $ 170 million Series A financing round, three months after the company began operations in the United States, Latin America and Europe.

Berlin-based startup Choco, which has designed ordering software for restaurants and their suppliers, has raised $ 100 million in Series B funding.

Colombian on-demand delivery startup Rappi pocketed around $ 500 million at a valuation of $ 5.25 billion in a Series G round led by T. Rowe Price.

Indian e-commerce giant Flipkart has raised $ 3.6 billion for a post-currency valuation of $ 37.6 billion.

This was co-led by principal owner Walmart, GIC, the Canada Pension Plan Investment Board (CPP Investments) and SoftBank Vision Fund 2, and preceded an IPO, which is slated to start. next year.

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