Jokr Delivery Recently Secured $170 Million in Series A Capital
Grace Mahas — July 21, 2021 — Business
References: jokr.it & grocerydive
Jokr, the instant delivery firm, recently announced it raised $170 million in Series A capital from several global investment firms, including Balderton Capital, Tiger Global Management, and GGV Capital. The brand, which sells groceries and other instant-need items, is hoping to use this funding to expand its growth across the United States, Europe, and Latin America. Currently, the firm boasts 10 fulfillment hubs across New York City as well as nine other central cities worldwide.
GGV Capital Managing Partner Hans Tung, who is joining Jokr’s board, said Jokr has an “all-star team” that will disrupt retail operations supply chain.“The combination of food delivery experience and the sophisticated data capabilities that optimizes inventory allocation and dispatch set JOKR apart,” Tung said.
Image Credit: Jokr
GGV Capital Managing Partner Hans Tung, who is joining Jokr’s board, said Jokr has an “all-star team” that will disrupt retail operations supply chain.“The combination of food delivery experience and the sophisticated data capabilities that optimizes inventory allocation and dispatch set JOKR apart,” Tung said.
Image Credit: Jokr
Trend Themes
1. Instant Delivery - There is a disruptive innovation opportunity in developing technology that automates instant delivery, reducing the time and cost of delivery for groceries and other instant-need items.
2. Optimized Inventory Allocation - Using sophisticated data capabilities to optimize inventory allocation is a disruptive innovation opportunity for retailers and delivery firms that could lead to faster and more efficient product delivery.
3. Expansion Across Regions - Expanding their instant delivery services across global regions is a disruptive innovation opportunity for companies like Jokr, allowing them to increase their customer base and market share in new locations.
Industry Implications
1. E-commerce - The e-commerce industry could benefit from instant delivery services as it could provide customers with a new level of convenience and improve overall customer satisfaction with online shopping.
2. Food Delivery - Food delivery firms could leverage the optimized inventory allocation capabilities of instant delivery services to improve their supply chain operations.
3. Logistics - Logistics companies could adapt to instant delivery services and use optimized inventory allocation to reduce delivery times and costs, improving their competitiveness in the market.
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