More funding for on-demand delivery apps
Two more on-demand delivery app companies – the organic food specialist GrubMarket and the alcohol delivery startup Drizly – have announced new funding rounds. GrubMarket has raised $20m in a Series B round. The company operates in San Fancisco and Los Angeles and its chief executive Mike Xu describes GrubMarket as a “marketplace that connects farmers and food producers directly with consumers, with no middle man”.
Investors included Ashton Kutcher’s Sound Ventures, Global Founders Capital, Riverhead Capital, GGV Capital, Fosun Group, Danhua Capital and individual investors Fabrice Grinda and Gang Wang.
Drizly reported a $15m Series B round led by Polaris Partners. Drizly provides a platform on which users can browse alcohol options and see the delivery windows and prices offered y Drizly’s retail partners.