Jokr gets serious with mega Series A funding round

Rapid grocery delivery startup Jokr has closed a $170 million Series A funding round, three months after the company started operations in the US, Latin America and Europe.

Led by GGV Capital, Balderton Capital and Tiger Global Management, the funding will allow it to enter new cities and expand in current locations, including its home base of New York City.

“We continue to build Jokr into the premier platform for a new generation of online shopping, with instant delivery, a focus on local product offerings and more sustainable delivery and supply chains,” says Ralf Wenzel, Founder and CEO.

“We are proud to be able to partner with such a distinguished group of international tech investors to help us seize the enormous opportunity in front of us.”

Hans Tung, Managing Partner at GGV Capital and newly appointed member of Jokr’s board, comments: “Ralf has put together an all star team for food delivery that will transform the retail supply chain.”

“The combination of food delivery experience and the sophisticated data capabilities that optimises inventory allocation and dispatch, set Jokr apart.”

“We look forward to working with the team on their mission to make retail more instant, more democratic, and more sustainable.”

Getir

Also in the rapid grocery delivery space, Turkish startup Getir recently concluded a Series D funding round, raising over $550 million and taking the company's valuation to over $7.5 billion.

Investors included Tiger Global and Sequoia Capital, Silver Lake, DisruptAD, and Mubadala Investment Company.

This marked Getir's third round of investment in 2021, with nearly $1 billion raised since the beginning of the year. It is using the latest capital injection to fuel its expansion into the United States.

"Our model and approach to ultrafast delivery is thriving and this latest round of funding further enables us to deliver our best-in-class service to new customers in Europe, the United States and beyond,” said Nazim Salur, Founder, Getir.

“There is great appetite for Getir and rapid grocery delivery. As the pioneers of the market, we continue to stand out by constantly innovating to provide the industry standard.”