Those who have been skeptical of the hype around ultrafast grocery all along have been vindicated, at least in part, as players in the space continue to shrink, shut down and face other difficulties due to a more challenging macroeconomic environment. Investors have been pulling...
It appears that the ultrafast grocery boom was short-lived. There have always been skeptics, but last year, it seemed to many that 10- and 15-minute grocery delivery services were the model of the future, and that quick commerce would continue to grow with no end...
Jokr, a young rapid-delivery company that calls itself “the future of supermarkets,” is ceasing operations in New York and Boston and refocusing on the Latin American market, which company executives say should be more profitable. “We have decided to stop our business activities in the...
As ultrafast grocers’ challenges continue, leading players around the world are beginning rounds of major layoffs. Turkey-based ultrafast grocer Getir, for one, is planning to lay off 14% of the staff at its global headquarters, according to a company memo published by TechCrunch on Wednesday...
May 11, 2022
Ultrafast grocery startup Jokr is looking to supplement its delivery business with a new venture — an advertising platform. On Wednesday (May 11), the company is launching a service for advertisers to place digital ads in the company’s app and physical ads on drivers’ bags and within delivery orders, according to a Bloomberg report. As […]
December 03, 2021
With many digitally connected consumers now taking the ability to get groceries brought to their door for granted, eGrocers need to step it up in terms of speed and convenience...
July 27, 2021
It’s likely happened to everyone at least once. The forgotten-ingredient grocery emergency, the suddenly discovered empty box of Band-Aids or detergent that simply demands immediate attention and replenishment. If going...
September 25, 2023
Berlin-based rapid-delivery company Jokr has reportedly secured $50 million in Series D funding to enhance its online grocery delivery services in Latin America. The funding round, led by Convivialité Ventures, valued the company at $800 million post-money, FinSMEs reported Sunday (Sept. 24). Lombard Odier and existing investors G Squared, GGV, Balderton Capital, Monashees, Greycroft and Tiger […]
June 15, 2022
Jokr, a young rapid-delivery company that calls itself “the future of supermarkets,” is ceasing operations in New York and Boston and refocusing on the Latin American market, which company executives...
February 01, 2022
Delivery startup JOKR, which aims to bring food and essentials to NYC doorsteps in 15 minutes, is reportedly scouting buyers for its city operations due to the exorbitant costs of...
December 02, 2021
Instant grocery delivery startup Jokr closed a $260 million Series B funding deal that puts the company’s valuation at $1.2 billion, giving it unicorn status nine months after launching, according...
