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Posted: 2020-10-08 20:38:55

GrubMarket raises $60M as food delivery stays center stage

More proof of the surge in grocery ecommerce

From Ingrid Lunden at eCommerce – TechCrunch
Originally published 2020 10 05
GrubMarket, which provides a B2C platform for consumers to order produce and other food and home items for delivery, and a B2B service where it supplies grocery stores, meal-kit companies and other food tech startups with products that they resell, is today announcing that it has raised $60 million in a Series D round of funding. Sources close to the company confirmed to TechCrunch that GrubMarket — which is profitable, and originally hadn’t planned to raise more than $20 million — has now double its valuation compared to its last round. Source tell us it is now between $400 million and  $500 million.
Its customers include more than 500 grocery stores, 8,000 restaurants, and 2,000 corporate offices, with familiar names like Whole Foods, Kroger, Albertson, Safeway, Sprouts Farmers Market, Raley’s Market, 99 Ranch Market, Blue Apron, Hello Fresh, Fresh Direct, Imperfect Foods, Misfit Market, Sun Basket and GoodEggs, all on the list, with GrubMarket supplying them items that they resell directly, or use in creating their own products (like meal kits).
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