Grocery Startup Weezy Said to Work With Evercore to Assess Sale
- London-based Weezy completed most recent fundraise in January
- Startup founded in late 2019 and focuses on rapid delivery
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U.K. rapid grocery company Weezy is working with investment bank Evercore Inc. to explore a potential sale of its business, according to people familiar with the matter, becoming the latest startup to consider the option as a means of coping with the industry’s intense competition and high costs.
London-based Weezy, founded in late 2019, completed its most recent fundraise in January, and has received about $20 million from venture capital firms including DN Capital, Left Lane Capital, and Heartcore Capital.