Select deals from last week:
๐บ๐ธ Lime, SF-based scooter sharing company, raised $523 million to expand its electric bikes and scooters fleet, and achieve sustainability goals. The fresh funding comes 18 months after it raised $170 million Series E at $510 million valuation. The company plans to go public next year. Keep track of all scooter and bike sharing startups in this interactive landscape. While you are here, have you wondered why micromobility thrives in Europe?
๐ฉ๐ช Razor Group, a buyer of third-party Amazon sellers and direct-to-consumer brands, raised โฌ125 million at โฌ1.0+ billion valuation. Razor Group is part of a broader trend, which we've deep-dived into in the last week's newsletter, "The Unilevers and Nestlรฉs of the digital age".
๐ฐ๐ช Twiga Foods, Kenya-based B2B marketplace for fresh produce, raised $50 million Series C. The company connects farmers with retailers through its ecommerce platform, significantly decrease the costs to consumers as it removes intermediaries. With the fresh funding, Twiga Foods plants to incorporate large-scale farming facilities in its value chain to produce fruits and vegetables at lower costs.
Other notable marketplace deals from the last week:
๐ช๐ฌ Breadfast, an Egypt-based online grocery retailer, raised $26 million Series A to build the "Gopuff for Africa and the Middle East". The company operates an asset-heavy model, similar to Gopuff. It owns some products, sources others from third parties, runs its own dark stores, and manages last-mile delivery. The company was founded back in 2017, way before the likes of Gorillas, Zapp and Dija (acquired by Gopuff). The Egyptian food and grocery retail market is worth $60 billion. Breadfast is not the only game in town. It competes with Appetito, GoodsMart and Rabbit, among others.
๐ช๐ฌ Appetito, a grocery retailer in Egypt, raised $2 million in pre-Series A funding to improve inefficiencies in the food supply-chain in Egypt.
๐บ๐ธPapa, a Miami-based on-demand assistance for elderly, raised $150 million at $1.4 billion, becoming the latest healthtech unicorn.
Read up on all the latest marketplaces deals in Dealroom.co