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Grocery delivery businesses find new backing

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

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.

The infusion of cash comes as rivals continu…

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Companies & Markets

Grocery delivery businesses find new backing

Consumer & Healthcare

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

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