1. Department: Food

Your Daily QuickWit (5/20): Top Retail News

Yesterday’s top retail news and most read stories.

  • Walmart marketplace gains on Amazon
  • Flink bought by Cajoo
  • Consumer confidence lowest in 50 years
  • Uber and Grocery Outlet announce pilot
  • and more!
Tech Crunch

Flink, the German instant grocery upstart, snaps up France’s Cajoo for ~$93M, takes fresh Carrefour funding, sources say at $5B valuation

Instant grocery startups sprang up and grew like weeds during COVID-19, fueled by consumers opting to practice social distancing and ready to order their food and sundries at the tap of an app, and VCs seeing an gap in the delivery market that had yet to be definitively filled. Now, perhaps inevitably, comes the consolidation.

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