$1.74Bln! That’s the amount of money raised last week by 3 On-Demand Delivery companies!! Food and grocery delivery exploded during the pandemic! It has created a huge amount of money invested into this space, competition is increasing, consolidating is increasing! Who will win?
I’m wondering what happens if the rule that was just passed by the supreme court in the UK with Uber on drivers being employees and not self-employed could be applied to all gig economy delivery companies across the globe… That would be interesting!
- German Gorillas On-Demand Delivery raised $290M
- Turkish Getir On demand delivery raised $300M
- US GoPuff On demand delivery raised $1.15Bln (Yes Billions!!)
Let’s not forget…
- Headless Commerce Startup Chord raises $18M
- Second Hand clothing site Thred Up popped 43% on IPO day
- TiendaNuve (One of the Shopify’s of LATAM) raises $90M
- Indian social commerce startup DotPe raised $27.5M
On-Demand Delivery is HOTTTTT!!
Gorillas, on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation
Nooit meer iets langer dan 10 minuten niet in huishttps://t.co/G9FDAJMwxJ
— gijsbregt (@gijsbregt) March 25, 2021
Receive your groceries in 10 Minutes, that’s what the Berlin-based company Gorillas is aiming for!!
The company is one year old and already present in more than 12 cities, including Amsterdam, London and Munich!
Space is becoming very crowded with companies including London’s Jiffy, Dija, Weezy, and France’s Cajoo. There’s also London-based Zapp, Turkish Getir which are very active in the regions.
Interesting time! If you need your groceries in 10 minutes, you know where to go now!
Turkish delivery firm Getir raises $300 million for expansion – CEO
Congratulations @Getir on becoming #Turkey’s second unicorn! 🇹🇷🦄
Exciting to see Getir raise $300 million for intl expansion. This puts the delivery company’s valuation at $2.6 billion.https://t.co/lQknORodxj
— Merih Kepez (@merihx) March 26, 2021
Istanbul-based Getir which was established in 2015 also promises to deliver thousands of grocery items “within minutes”, including eggs, ice cream, nappies and cat food.
The company is expanding rapidly and already operates in London and planning to get into Germany, France and the Netherlands in a couple of months.
Delivery Startup GoPuff Raises $1.15B in Latest Funding Round
GoPuff said it had raised $1.15 billion in new funding from investors. https://t.co/JIoIGLPr0P
— TheStreet (@TheStreet) March 24, 2021
$8.9Bln, that’s the value of GoPuff !! Mind-blowing!!!
Founded in 2013, the Philadelphia company operates in more than 500 U.S. cities through 200 fulfilment centres! The valuation has more than doubled from five months ago… GoPuff increased 400% in the first half of 2020 and that got investors excited!
That combined with DoorDash & Coupang IPOs have got the investors extremely extremely bullish on this space!! Is it overpriced?
Headless Commerce takes off!
Chord, a headless commerce startup led by former Glossier execs, raises $18M
Congrats to our client @chordcommerce (formerly Arfa), and founders Henry Davis and Bryan Mahoney, on the announcement today of their new name, vision, and Series A financing. Read about their comprehensive “commerce as a service” platform in @TechCrunch: https://t.co/cv428Vw7vW
— Goodwin (@goodwinlaw) March 24, 2021
Founded by former Glossier executives, the commerce platform Chord provides brands with “commerce as a service.” Yes, we have a new acronym to use now CAAS!!
Basically, as companies are starting to buy e-commerce infrastructure that’s separate from the front-end experience, Chord is designed to provide all of the needs across multiple products and features.
That includes content management, customer data platform, order management and more.
R-Ecommerce is Hot!!
Secondhand Clothing Site ThredUP Raises $168 Million in IPO
California-based ThredUp, an online marketplace for secondhand clothing, has raised $168 million in an IPO priced at the top of a marketed range https://t.co/AiPpKk06AV
— Bloomberg Markets (@markets) March 26, 2021
Last year I told you to watch out for Thred up !! Now it’s the time to invest my friends (not qualified to give financial advice here but that’s what I’m doing on this ne)!!
The recommerce economy will be huge and companies like thred up as best positioned in the fashion & apparel category!!
The recommerce economy is estimated to be worth $51Bln by 2023! Interesting no?
Shopify’s of LATAM…Are on the rise!!
Tienda Nuve raises 90M in series D$$
Tienda Nuve just raised 90M in series D, one of Shopify competitors in Latin America is growing in the region as Covid has pushed many SME to digitalize and go “Direct To Consumers”
The company grew from 20K merchants to 80K merchants in one year and is helping large companies such as Playmobil, Billabong or Luigi Bosca (Love this wine, if you don’t know it, you should try it) to digitize in latin America
Social commerce
Google backs one-year-old Indian startup DotPe in $27.5 million fundraise
Google backs one-year-old Indian startup DotPe in $27.5 million fundraise: Google’s latest investment in India is a startup that is helping businesses come online. One-year-old DotPe, a Gurgaon-based startup, said on Friday it has raised $27.5 million in… https://t.co/UM82pFIaw5 pic.twitter.com/3JXLxbAFDh
— Open Packaging Network Digital (@OpenPackaginNet) March 26, 2021
Indian based one-year-old DotPe raised $27.5 million in its Series A. The company helps brick and mortar stores sell to customers online and collect payments digitally.
The company help the stores to digitize their inventory and make them available on WhatsApp and reach customers there.
With more than 450M in India, whatsApp is the most popular smartphone app in India!
The company is betting on the combination of SMEs digitalization + social commerce. Interesting approach!
Nabil Malouli is VP, Global E-commerce for DHL Supply Chain where he leads the innovation, strategy and product development of its e-commerce fulfilment and last-mile solutions.
Photo credit @ Gorillas