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Grocery delivery startup Cajoo raises USD 40 million, backed by Carrefour

Friday 3 September 2021 09:09 CET | News

France-based startup Cajoo has announced raising USD 40 million led by Carrefour to boost the platform’s grocery delivery service.

Carrefour’s investment also aims to allow Cajoo to take advantage of Carrefour’s purchasing organisation. This way, Cajoo will be able to offer more products to its customers.

Cajoo is part of a group of startups that operates dark stores and manages its own inventory of products. Customers can then order items without having to think whether they’ll be home when the delivery happens. Around 15 minutes later, a delivery person shows up with the groceries. The startup competes with Getir, Gorillas, Flink, Zapp and a few others. It also indirectly competes with traditional retailers and their online ordering systems.

The service is currently live in 10 French cities — Paris, Neuilly-sur-Seine, Levallois-Perret, Boulogne-Billancourt, Lille, Lyon, Toulouse, Bordeaux, and Montpellier.

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Keywords: funding, delivery, ecommerce, ecommerce platform
Categories: Payments & Commerce
Companies:
Countries: France
This article is part of category

Payments & Commerce