Grocery Delivery

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.

Nearly 15 million mom-and-pop stores in India still prefer traditional methods of supply chain management over digitization.

The initial rollout will cover six cities outside of Tokyo and marks Foodpanda’s 12th market in Asia.

During the pandemic, the startup has seen multi-fold growth.

This round of funding comes 10 months after it raised USD 45 million last year.

The startup, which currently operates in Eastern China only, wants a slice of the USD 733 billion fresh food retail market.

Instashop’s sale to Delivery Hero is a historic episode in the Middle East’s startup scene.

Small neighborhood stores are integral part of the economy of both developing nations, and tech firms are stepping in to provide additional services.