Misfits Market has raised $200mln in Series C funding
US: Cardenas Markets grows in the digital age
Changes in shopping habits driven by the COVID-19 pandemic are transforming the operating systems of supermarket chains. Cardenas Markets, for example, partnered with Instacart to respond to the growing demand for online grocery shopping and home delivery services. Although Hispanic customers have been characterized by their preference to go in person to the store to make the purchase, supermarkets that serve the Latino community are experiencing increased use of e-commerce. Stores have quickly had to adapt to new platforms to stay competitive in the industry. Adam Salgado, Chief Marketing Officer of Cardenas Markets, spoke with Abasto Magazine about how the Hispanic supermarket chain based in Ontario, California, is adapting and strengthening its electronic commerce platform in the face of the new normal imposed by the pandemic.
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âOne Family, One Visionâ: SPAR Scotland announces second virtual tradeshow
SPAR Scotland is to host a virtual tradeshow on 23 September 2021. During the event, SPAR Scotland will update suppliers, retailers, and colleagues on their plans to develop their business in a post-pandemic world further. The theme of this yearâs event is âOne Family, One Visionâ.
Jerónimo Martins announces â¬11mln worth of bonuses for Portuguese employees
Portuguese retailer Jerónimo Martins has announced plans to invest approximately â¬11mln on an extraordinary annual bonus for 23,000 of its employees in stores and distribution centres across the country. The bonus, which will be paid alongside employees wages this month, recognises the work and contribution of these employees to the groupâs results, particularly in a year as challenging as 2020 , the retailer said.
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Dan Sundheim s D1 Capital has made private investments in startups since its inception in 2018.
D1 participated in funding rounds in hot sectors like logistics, enterprise SaaS, and e-commerce.
We listed all the private investments it has announced publicly in 2021.
Hedge fund D1 Capital Partners, run by billionaire Dan Sundheim, is continuing to ramp up its private market bets having invested in at least 24 private companies in 2021 so far.
The $21 billion hedge fund has been making private investments in startups since its launch in 2018. Popular among fellow Tiger Cub firms Tiger Global and Coatue Management, private investing continues to take the hedge fund world by storm this year.
DELANCO, N.J., April 21, 2021 /PRNewswire/ Misfits Market, BB #:349668 the fastest growing online grocer that offers quality, sustainably sourced food at a value, today announced its $200M Series C funding co-led by Accel and D1 Capital, with participation by existing investors including Valor Equity Partners, Greenoaks Capital, Sound Ventures, and Third Kind Ventures.
The oversubscribed round brings the company’s total funding to $301.5M to-date. The only D2C online grocery service delivering quality products discounted up to 40% compared to those offered by premium, on-demand/in-store grocers has officially surpassed ‘unicorn’ status.
The funding unlocks its ability to expand into every major grocery category and distribute across every underserved area nationwide to push forward its goal of eliminating food deserts in America by 2025. In tandem with its Series C funding, Accel’s Ryan Sweeney will join Misfits Market’s Board of Directors.
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