JOKR Raises $260 Million at $1.2 Billion Valuation for Delivery Service Industry

JOKR is an instant grocery delivery platform that provides its customers with hyper-local delivery services. The company’s aim is to democratize retail by joining global suppliers and local brands to support small businesses.

The Series B round was led by GGV Capital, Balderton, and Tiger Global Management as in the previous round. Among new investors were Activant Capital, Greycroft, G-Squared, HV Capital, Kaszek, Mirae Asset, Monashees, and Moving Capital. This round brings JOKR to the unicorn club.

JOKR, based in New York, was launched in 2021 by Ralf Wenzel (CEO), Aspa Lekka, Benjamin Bauer, German Peralta, Konstantin Sorger, Piotr Lagowski, Sven Grajetzki. Now, the company operates in 15 cities, New York, San Paulo, Mexico City, etc., and has 200 warehouse hubs. JOKR plans to increase this number within existing geography, as well as launch in new cities in Brazil, Colombia, Chile, Mexico. “As we have said before, our vision is not just convenience and on-demand, but to a more comprehensive grocery inventory that covers fresh produce, meat, dairy, and packaged foods,” Ralf Wenzel said.

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