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Grocery delivery businesses find new backing

FreshDirect raises US$189m; Instacart gets cash injection from partner

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Published Tue, Sep 27, 2016 · 09:50 PM

New York

EVEN as technology companies old and new seek to enter the online grocery delivery business, one of the sector's original ventures continues to find new backing.

FreshDirect announced on Monday that it had raised US$189 million, the biggest round of fund raising in its 17-year history.

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