Deals
Specialty Grocer Weee Valued at $2.8 Billion in Latest Round
- Startup raised over $300 million from investors such as DST
- Online market for Asian and Hispanic foods is growing rapidly
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Weee! Inc., an online grocer specializing in Hispanic and Asian foods, raised more than $300 million in new financing amid unprecedented demand for home delivery.
The company is now valued at $2.8 billion, according to a person familiar with the matter who asked not to be identified because the valuation is private. The round was led by existing investor DST Global and also included new investors Blackstone Growth, Arena Holdings and Tiger Global, the grocer announced on Tuesday.