freshdirect

Getir is a sign of what’s to come in the M&A market in 2024

Many people, myself included, predicted a wave of startup acquisitions in 2023 as companies rooted in good ideas but built on not-so-good business models ran out of money. That largely didn’t ha

More consolidation in grocery delivery: Getir acquires FreshDirect to beef up in the US

Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped u

Fabric raises $200M at a $1B+ valuation for robotics-based fulfillment tech to help e-commerce players compete with Amazon

Amazon continues to be the 800-pound gorilla in the room for companies in the retail sector. Today, a startup called Fabric, which is building technology to help those other retailers — big and

FreshDirect says worker who tested positive for COVID-19 not involved in food prep or delivery

Popular online grocer FreshDirect sent an email today notifying consumers that a warehouse worker has tested positive for COVID-19. CEO David McInerney stressed that the worker had not been present in

Walmart tops US online grocery market, with 62% more customers than next nearest rival

Walmart is dominating the U.S. online grocery market, according to new research out this week from the analysts at Second Measure. The nationwide retailer today offers grocery pickup and delivery in n

Maverick Ventures announces $382M evergreen fund

The under-the-radar VC firm counts 13 unicorns in its portfolio.

FreshDirect raises $189 million for grocery delivery

FreshDirect, a popular online grocery service on the East Coast, is arming itself with $189 million in additional funding. The round was led by J.P. Morgan Asset Management, with W Capital and AARP In