Delivery Startup Jokr Gets $170 Million to Grow in Grocery Boom
- Financing round led by GGV Capital, Balderton, Tiger Global
- Startup has about 100 dark stores, employs most of its riders
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Fast-delivery grocery delivery startup Jokr raised $170 million in financing to fuel its expansion across the Americas and Europe after rolling out its services just three months ago, emerging as one of the better funded companies in the burgeoning sector.
Chief Executive Officer Ralf Wenzel, a former executive at Delivery Hero SE, said the new funding round led by GGV Capital, Balderton Capital and Tiger Global Management will allow it to enter new cities and expand in current locations, including its home base of New York City. He declined to comment on how much of the round was debt versus equity, or the company’s valuation.