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!
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.
Tech Crunch
May 20, 2022
