This news comes on the heels of its Series E round. The company plans to use the funding to expand and diversify its product offering Here are the top-line bullets you need to know.
Weee!, a digital grocery store, has raised $425M in a Series E. The round drew participation from Greyhound Capital and SoftBank Group.
HOW’S THE COMPANY PERFORMING?
- California-based Weee! offers a range of Asian and Hispanic grocery items via its online platform.
- In 2021, the company saw monthly active users grow 150% year-over-year.
- The startup offers 10K+ products, and it currently adds 500 new products on a weekly basis. It has also established partnerships with 1K+ restaurants.
- Weee! is supported by a team of around 1,500 employees.
Source: Weee!
WHY DOES THE MARKET MATTER?
- The global online grocery market is expected to reach a value of $1.12T by 2027, growing at a CAGR of 24.8%, according to Market Study Report.
- Online grocery shopping volume skyrocketed in the face of pandemic-related lockdowns, store closures, and social distancing protocols.
