Their new venture capital fund, Dastore, will initially invest EUR 80 million by taking minority stakes in high-potential emerging startups in France and globally to allow Carrefour ‘to stay close to innovations and emerging technologies’.
In November 2022, Carrefour pledged to spend EUR 3 billion between 2022 and 2026 to step up digital expansion, one of the pillars of the group’s strategy to stay ahead of Amazon on grocery deliveries and facilitate its continuing turnaround.
A dedicated team will be set up for Dastore, made up of experts from both daphni and Carrefour. In addition to Dastore’s financial investment, Carrefour will be able to provide the startups with business acceleration, operational support as well as easier access to clients, international markets, and data insights that they can use to help them grow.
The investment thesis will be focused on business areas related to Carrefour’s digital strategy priorities: new ecommerce businesses, data, and digital tools for operations and financial services in retail as well as logistics and supply chain new capabilities.
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