Grocery Delivery – 2 billions in 2 weeks

Again a crazy couple of weeks for grocery delivery startups. Here is a quick recap of the main categories:

  • quick-delivery startups (which operate short assortment warehouses inside city centres, or dark stores, and deliver in 15 minutes or less. It targets single persons with last-minute orders.
  • new retailers (players such as Picnic or Rohlik that bet larger assortments, bigger warehouses and less short-notice delivery). It is best suited for larger orders, notably of fresh produce or larger households.
  • Instacart-like startups (or restaurant delivery startups such as Deliveroo) send independent workers into partner retail stores to do the groceries for you (based on the assortment of the store itself).

Quick-commerce startups are still attracting the most attention, even if we can still have doubts about their future:

In the meantime, the “new retailers” space is also moving forward with Picnic, the Dutch player raising €600M. Interestingly, the lead investor is the Bill & Melinda Gates Foundation Trust.

This involvement seems to be related to Picnic’s goal to develop a more sustainable food value chain. Indeed it tends to avoid intermediaries, use data to avoid food waste and use electric minivans for deliveries. Basically, Picnic rebuilds a retailer from scratch with the tools available in the 21st century. This deal will enable the startup to keep growing in Europe, notably in France and Germany.

Finally in the Instacart-like space:

Best reads and deals of the week
The new FoodTech definition

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