With Zepto Becoming First Unicorn of 2023, is Funding Winter About to Thaw?
Quick commerce startups hope to race towards better days. Can they crack the execution code?
Source: rediff.com
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Grocery deliverer JOKR doubles down on Brazil as it secures $50M on $1.3B valuation
JOKR hit gross-profit status last April, but was swept into the challenging economic environment affecting instant grocery delivery companies.
Source: techcrunch.com
Pastel, one of the Bay Area's most popular food delivery companies, is folding
Pastel, known for delivering food from popular Bay Area bakeries and pop-ups, is closing this month. The company states customers' habits have changed over the course of the pandemic.
Source: sfchronicle.com
JOKR leaving U.S., 'for now,' to focus on LatAm – TechCrunch
The company's U.S. operations accounted for about 5% of the grocery delivery startup's overall business.
Source: techcrunch.com
Here's how JOKR became gross-profit positive amid a cutthroat grocery delivery industry – TechCrunch
Founder and CEO Ralf Wenzel, discussed, according to him, why his company’s grocery delivery model is doing better than most.
Source: techcrunch.com