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