Ralf Wenzel

The new investment not only puts the company on a path toward profitability, but also solidifies its place in Brazil’s underserved grocery market.

JOKR now valued at $800M after bagging about $50M in Series D funding

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Grocery deliverer JOKR doubles down on Brazil as it secures $50M on $1.3B valuation

JOKR hit gross-profit status last April, but was swept into the challenging economic environment that affected the instant grocery delivery sector over the past year.

6:01 am PST • February 3, 2023
Grocery deliverer JOKR doubles down on Brazil as it secures $50M on $1.3B valuation

The company said the closings were needed to “further tighten our geographical footprint” as it works to reach profitability.

Food delivery company JOKR confirms closing of Santiago, Medellin operations

The company’s U.S. operations accounted for about 5% of the grocery delivery startup’s overall business.

JOKR leaving US, ‘for now,’ to focus on LatAm

Founder and CEO Ralf Wenzel, discussed, according to him, why his company’s grocery delivery model is doing better than most.

Here’s how JOKR became gross-profit positive amid a cutthroat grocery delivery industry

The company touts itself as “one of the fastest companies to reach unicorn status in history.” 

Instant grocery delivery startup JOKR bags another huge round to enter unicorn status

“We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products.” It’s quite…

Powered by local stores, JOKR joins the 15-min grocery race with a $170M Series A

For years now, the world of retail has been evolving. Whether it’s next-day delivery with Amazon Prime or subscription D2C services or on-demand delivery from Postmates, we’re growing increasingly accustomed…

JOKR launches in New York with a different take on on-demand delivery

Foodpanda, the food delivery on-demand service backed by Germany’s Rocket Internet, has ventured into the world of corporations after it introduced a dedicated service for business customers that it hopes…

Foodpanda Goes After Corporate Cash With New Delivery Service For Business Users