JOKR

Ultrafast grocery firm Jokr pulling out of US, selling assets

Grocery delivery bag on porch

As I wrote back in May, instant grocery delivery has reached an inflection point. 

Throughout the pandemic, investors poured boatloads of cash into ultrafast delivery startups, some of which had valuations north of $10 billion. But the promise investors initially saw in quick commerce has gradually evaporated.

It’s been a tumultuous few months for ultrafast delivery startups, and New York’s Jokr is the latest casualty. The company this week revealed that it would scrap its small share of the U.S....

https://www.freightwaves.com/news/ultrafast-grocery-firm-jokr-pulling-out-of-us-selling-assets

Instacart files for IPO, but should it?

Woman wearing Instacart shirt reaches for vegetables in a grocery store aisle.

Instacart said late Wednesday night that it had filed a Form S-1 with the Securities and Exchange Commission for a possible initial public offering.

According to Bloomberg, the delivery firm is working with Goldman Sachs and J.P. Morgan on the possible offering, which Instacart said is not a definitive choice as of yet.

An IPO was rumored last year, although there was some speculation that Instacart would forgo the traditional IPO route and go the direct listing route instead. In a direct...

https://www.freightwaves.com/news/grocery-delivery-firm-instacart-files-for-ipo

GoPuff raises $1.5 billion in anticipation of 2022 IPO

Gopuff has raised $1.5 billion as it gears up for a 2022 IPO

As a FreightWaves story opined in May, it’s time the logistics industry took notice of Gopuff. Well, it has, and so have investors.

According to a securities filing in Delaware first flagged by Prime Unicorn Index, the instant delivery company backed by SoftBank, Fidelity Management and Research Co. and Blackstone Group has raised $1.5 billion in what’s being called a series X raise, which could push its valuation as high as $40 billion, Axios reported. Multiple reports suggest the raise is...

https://www.freightwaves.com/news/gopuff-raises-1-5-billion-in-anticipation-of-2022-ipo

Jokr goes from launch to unicorn in 8 months; new funding pushes valuation to $1.2B valuation

Eight months is all it took to reach unicorn status for Jokr, which on Thursday announced it had raised $260 million in a Series B funding round in a transaction that values the instant delivery company at $1.2 billion.

Activant Capital, Balderton, Greycroft, GGV Capital, G-Squared, HV Capital, Kaszek, Mirae Asset, Monashees, Moving Capital, Tiger Global and others participated in the round. Additionally, the New York-based company announced it has expanded to Boston. 

Founded by German...

https://www.freightwaves.com/news/jokr-brings-instant-delivery-to-boston

15-minute grocery delivery firm Jokr launches in 3 more NYC boroughs

Jokr, the 15-minute grocery delivery firm that launched in June in three New York City boroughs, is expanding to three additional locations.

The company on Tuesday announced it will begin servicing the Upper West Side, the Upper East Side, and the financial district. Jokr previously served only Manhattan, Brooklyn and Queens residents. The firm is adding new hub locations in the added boroughs, expanding its total addressable market opportunity by 80% in the region.

Currently, Jokr offers over...

https://www.freightwaves.com/news/15-minute-grocery-delivery-firm-jokr-launches-in-3-more-nyc-boroughs

15-minute grocery delivery is real – and in New York, it’s free

Residents of select New York City neighborhoods may feel like they are dreaming, but 15-minute grocery delivery has arrived. JOKR, which has already launched in Mexico City, Lima, Peru, and Sao Paulo, makes its official debut Thursday in the New York boroughs of Manhattan, Brooklyn and Queens.

Founded by German entrepreneur Ralf Wenzel, JOKR utilizes local warehouse facilities to offer a full selection of products with a 15-minute delivery promise on items ordered through its app. Wenzel is...

https://www.freightwaves.com/news/15-minute-grocery-delivery-is-real-and-in-new-york-its-free