In today’s top payments news around the world, Canada’s PocketPills has landed $30 million in funding, while Flipkart is planning a grocery delivery expansion in India. Plus, Deliveroo said it is intending to file for a public listing in the United Kingdom.
Canada’s PocketPills Raises $30 Million To Bring Same-Day Pharmacy Delivery Nationwide
PocketPills, the digital Canadian pharmacy, said it landed $30 million in a Series B round to grow the company’s product and bring its same-day delivery to a national scale. As part of its countrywide expansion aim, the company is bringing new facilities to Alberta and Quebec. PocketPills Co-founder and CEO Raj Gulia said in a release that the firm is “dedicated to making pharmacy accessible, easy and affordable for all” via a “seamless digital experience.” TELUS Ventures, a corporate venture capital fund in Canada, headed up the round.
Flipkart Plans Grocery Delivery Expansion To Over 70 Cities
Supermarket delivery through Flipkart can now be accessed in more than 50 cities throughout India, and the company intends to continue growing the service to over 70 cities during the six months to come. “Grocery continues to be one of the fastest-growing categories, with the increase in demand for quality food and household supplies from users. In line with this, we have invested in scaling up our grocery operations across the country,” Manish Kumar, senior vice president of grocery, general merchandise and furniture at Flipkart, said in a release.
Deliveroo Plans Potential $10 Billion IPO In London
Deliveroo announced that it is intending to file for a public listing in London, with a time-limited, dual-class share structure that would let Co-founder and CEO Will Shu maintain control. A dual-class share structure is comprised of two share classes, each with different voting rights. It’s a common structure on exchanges inside of Europe in addition to the United States and Hong Kong. “Deliveroo was born in London. This is where I founded the company and delivered our first order,” Shu said in a blog post.
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