​JOKR Raises $50 Million at $800 Million Valuation

JOKR is an instant grocery delivery platform that provides its customers with hyper-local delivery services. 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.

JOKR has secured approximately $50 million in Series D financing which has brought the company’s valuation to $800 million. The company did not intentionally seek funding, but there was strategic interest in JOKR from a variety of angles, particularly from established retailers and consumer goods manufacturers.

JOKR, headquartered in New York, United States, was founded by Ralf Wenzel in 2021. “We can now, with the additional cash, determine our destiny to a certain degree once we are profitable,” Wenzel said. “With more capital getting into the company, one could look into a more flexible approach with regards to expansion. Becoming a public company is another avenue that could be very interesting.”

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