Discount grocery start-up Misfits Market raises $200M

Misfits Market, a start-up known for offering “ugly” vegetables and fruits at discount rates, announced this morning that it has raised $200 million in Series C financing. The company states this brings its total financing to $301.5 million and moves its evaluation into unicorn area (i.e. above $1 billion). It isn’t getting any more particular […] Misfits Market items are discounted by up to 40% compared to what you ‘d discover in other grocery shops (online or in-person), which Ramesh said the company achieves by purchasing products that regular shops won’t purchase or offer, often for “insane, random” factors. — TechCrunch”src=”https://techcrunch.com/2020/12/01/whos-building-the-grocery-store-of-the-future/embed/#?secret=Iq46TWfCA5″data-secret=” Iq46TWfCA5 “width= “800” height=”450″frameborder=”0″marginwidth=” 0″marginheight =”0 “scrolling=”no” > The business says its active client base and order volume grew 5x last year, when it shipped 77 million pounds of food to more than 400,000 consumers.”Direct-to-consumer designs aren’t anything new in the food industry, however the approach Misfits Market has actually taken is,” Sweeney said in a declaration. With the new financing, Misfits Market prepares to continue expanding into brand-new grocery categories and brand-new locations.

Misfits Market raises $85 million Series B to send you ‘ugly’ fruits and veggies

Misfits Market raises $85 million Series B to send you ‘ugly’ fruits and veggies

Misfits Market, the e-commerce platform that sells”awful”fruit and vegetables (to name a few things), has today announced the close of an$ 85 million Series B financing
round. The financing was led by Valor Equity Partners, with involvement from Greenoaks Capital, Third Kind Equity Capital and Noise Ventures. Misfits Market started as a membership box that permitted folks […]
Misfits Market raises $85 million Series B to send you ‘awful’ veggies and fruits …