Friday, March 1, 2019

Grofers raises fresh funds from existing investors, valuation hits $425M

SoftBank has moved Grofers to its $100 billion Vision Fund. The Japanese group had earlier backed the e-grocer through its balance sheet. https://ift.tt/2Nx0V9H https://ift.tt/eA8V8J

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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...