JOKR, an instant delivery grocery app, raised a $170 million Series A funding round led by GGV Capital, Balderton Capital, and Tiger Global Management. The round is one of the largest early-stage funding rounds to date, a sign of investor enthusiasm over a group of delivery startups looking to challenge incumbents including Instacart and FreshDirect. What’s even more striking about the funding...
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Grocery Delivery App JOKR Raises $170 Million in Series A Funding
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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