Ethnic online grocer Weee! lands $425M in funding

The growth of online grocery shopping is fueling another trend across the U.S. – ethnic grocers. It is estimated that the ethnic supermarket market in the nation is now $49 billion, with the majority of that still local mom-and-pop community markets. Meanwhile, online grocery is estimated to reach $135.2 billion this year and grow to $187.7 billion by 2024.

Freemont, California-based Weee! is hoping to tap into this burgeoning market and now has $425 million in additional funding to help scale....

https://www.freightwaves.com/news/ethnic-online-grocer-weee-lands-424m-in-funding

Weee! raises $315M to expand ethnic grocery delivery network

Online ethnic grocery delivery platform Weee! announced it has raised $315 million in a Series D round led by DST Global, with participation from Tiger Global Management, Blackstone Group and Arena Holdings. The Fremont, California-based company has raised a total of $415 million, with Bloomberg reporting a $2.8 billion valuation.

Weee! caters to ethnic communities, mainly providing access to Asian and Hispanic foods. Weee! currently offers free delivery, on orders of $35 or more, for more than...

https://www.freightwaves.com/news/weee-raises-315m-to-expand-ethnic-grocery-delivery-network