Tag: Food delivery & E-Commerce

Kroger partners Instacart to launch 30-minute delivery service as Zomato shutters grocery delivery service

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US –  American retail company Kroger is teaming up with Instacart on a new delivery service that can get grocery items to customers in as little as 30 minutes.   Called Kroger Delivery, the service will offer customers up to 25,000 items to choose from and is targeting to reach up to 50 million homes, the company said in a statement.   Kroger which boasts of more than 2,700 stores, will offer the service for its namesake stores as well as Ralphs, Fred Meyer, King Soopers, Fry’s, Mariano’s, and Smith’s locations.  Chairman and CEO Rodney McMullen noted that the fast delivery will help the…

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Kenyan online food store Greenspoon bags financial backing to boost capabilities

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KENYA – Greenspoon Ltd, Kenya’s first online food store to offer full transparency to its customers around the source of their food, has secured an undisclosed amount of funding from a consortium of Dutch investors, headed by The Blue Link. The lead investor- The Blue Link, also has interests in some of Kenya’s leading food processing companies to include: Highlands Drinks, Bio Food Products and Maxim Agri. The growth capital which will be channelled towards expansion of the business, comes at an opportune time as the Greenspoon is currently celebrating…

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B2B e-commerce startup Capiter raises US$33m Series A funding round to drive expansion plan

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EGYPT – Capiter, a B2B e-commerce startup which brings together manufacturers, brands, wholesalers and retailers on one platform, has raised a US$33 million Series A funding round to power its rapid expansion into digital financial services and additional markets. The company is planning on providing more digital financial services and expanding into overseas markets after raising a US$33 million Series A funding round, led by fintech-focused venture firm Quona Capital and MSA, an independent and interdisciplinary investment company. The round also features Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab,…

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Glovo plans to double investment in Africa in next 12 months, eyeing larger market share

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AFRICA – Glovo, on demand Spanish delivery platform, is seeking to expand its operations in Africa, its leading region for growth accounting for 30% of its geographical footprint. To spearhead the growth, the delivery start-up has unveiled plans of doubling its existing investment in the region to 50 million euros (US$59.3 million) over the next 12 months. So far, the Barcelona-based company has invested up to €25 million (US$30 million) by bringing its delivery service to six African countries — Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire and Nigeria, reports Techcrunch.…

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Faithful to Nature becomes first retailer to offer carbon-neutral delivery service

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SOUTH AFRICA – Faithful to Nature (FTN), a South African online retailer has announced that it has attained carbon-neutral status in its delivery services. With this achievement, the company becomes South Africa’s first major retailer to offer net zero carbon-emissions delivery service. According to the grocery and wellness store, this is in line with its strategy of building a more sustainable world, reports IOL. “Every being on the planet has a right to live in a clean and toxin-free environment. “Our physical and mental well-being is intimately connected to the…

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Naivas fosters seamless shopping experience by partnering with Jumia

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KENYA – Kenya’s largest supermarket chain, Naivas has inked a partnership deal with Africa’s e-commerce giant, Jumia to offer customers a seamless shopping experience by availing a wide range of products on the platform. The partnership will first feature Naivas Food Market at Prestige Plaza along Ngong road, before rolling out to its other outlets nationwide, enabling customers to shop for their essentials virtually and have them delivered to their preferred location. Shoppers along Ngong Road, Community Area, Hurlingham, Mbagathi, Kileleshwa, and Lavington areas, are the targeted clientele of the…

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Zomato continues portfolio cleanup post-IPO, shuts down UK, Singapore businesses

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INDIA – Indian multinational restaurant aggregator and food delivery company Zomato has closed two of its overseas subsidiaries – Zomato UK Limited (ZUK) in the UK and Zomato Media Private Limited (ZMPL) in Singapore – according to a stock exchange filing the company seen by ET retail.  As part of its “cleaning-up” exercise, the food delivery firm has been shutting international subsidiaries that don’t contribute to its business since it was listed on Indian exchanges in July.  The company said in the filing that its UK and Singapore subsidiaries were not material…

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Amazon replaces Souq.com in Egypt with launch of own domain

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EGYPT – Amazon, a global online shopping platform, has officially launched in Egypt by availing a new website Amazon.eg to replace Souq.com in the local market. The launch comes a month after the online shopping titan had announced its intention to have a presence in the North African country. It clarified that the platform will feature millions of items from local and international brands across a range of categories including grocery, home and kitchen, devises among many others. In 2017, the global marketplace site bought the Middle Eastern retailer Souq.com…

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Egyptian e-commerce platform MaxAB acquires Moroccan counterpart WaystoCap

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EGYPT – MaxAB, an Egyptian B2B e-commerce platform, has acquired Moroccan counterpart WaystoCap, a distribution platform that connects retailers with suppliers across Africa. The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region. Additionally, MaxAB has confirmed an additional US$15 million investment from existing investors, as it closes its Series A, which brings the total capital raised by the ecommerce leader to more than US$60 milion. It secured US$40 million in Series A funding in July. Founded in 2018 by Egyptian…

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Massmart eyes online shopping, delivery service provider OneCart to bolster eCommerce capabilities

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SOUTH AFRICA – In line with its strategy to invest in and accelerate its e-commerce presence, South African retailer Massmart has entered into negotiations to acquire a controlling stake in OneCart, privately owned on-demand grocery retail marketplace and logistics platform. The move is aimed to beef up its e-commerce capabilities, a key focus that the retailer has been investing heavily in online shopping. This follows its recent confirmation that it has entered in a deal to sell its Cambridge Food and Rhino Cash & Carry chains, together with parts of…

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