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Weee! raises USD 425 mln

Tuesday 1 March 2022 13:01 CET | News

US-based e-grocer Weee! has secured USD 425 million in a funding round led by SoftBank, taking the total capital raised to USD 800 million.

Demand for food and grocery delivery increased during pandemic-related lockdowns and has stayed strong even after the lifting of restrictions, in a sign that customer habits may have changed permanently, according to the press release.

Weee! delivers more than 10,000 locally sourced goods from around the globe directly to customers. It specialises in Asian and Hispanic grocery items and plans to use the fresh funds to expand its customer base, offer grocery and food delivery services to new geographies, and develop warehouse automation.


Source: Link


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Keywords: ecommerce, online shopping, delivery, investment, funding, expansion
Categories: Payments & Commerce
Companies: SoftBank, Weee!
Countries: World
This article is part of category

Payments & Commerce

SoftBank

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Weee!

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