Instant Grocery Delivery Startup Jokr Bags Another Huge Round To Enter Unicorn Status
12/02/21, 2:01 PM
Online grocery sales are in single digits right now, but new data suggests it will top 20% by 2026 due to more consumers getting comfortable buying their groceries this way over the past two years.
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Image Credits: JOKRThe company took in $260 million in Series B, just five months after raising $170 million in Series A funding that was led by GGV Capital, Balderton Capital and Tiger Global Management. The new round also lifts JOKR into unicorn territory with a valuation of $1.2 billion, and the company touts itself as “one of the fastest companies to reach unicorn status in history. Since its last funding round, the company also released a new version of its product and app, offering a more personalized and curated experience as it shifts away from just offering convenience items.