JOKR Raises $50 Million in Series C Round at $1.3 Billion Valuation

JOKR is a grocery delivery platform for instant retail delivery at a hyper-local scale. The company provides smart, fast and enjoyable shopping by delivering orders within a few minutes. JOKR delivers various supermarket and convenience products, pharmaceuticals and exclusive local products that are not available in regular supermarkets.

The new investment round was buoyed by existing investors, with G Squared leading the round and GGV Capital, Tiger Global Management and HV Capital participating. The new funding will help the company to make sure that they have a fully funded business plan and that they can become fully self-sustainable and don’t have to be more dependent on external capital.

JOKR, headquartered in New York, United States, was founded by Ralf Wenzel in 2021. “In valuation terms, this isn’t a huge increase and obviously something that, despite the market correction, still shows that we’ve been able to build traction to grow and become more profitable,” said Ralf Wenzel, co-founder and CEO of JOKR TechCrunch. “Otherwise these conditions would not have been justified. We are pleased to have completed the Series C round, resulting in an elevated rating from new and existing investors.”

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