Jokr Lands $170M In Series A

In today’s top connected economy news, Jokr has landed $170 million investment by the way of a Series A funding round, while Gopuff has grown into a new sector with the launch of “Gopuff Kitchen.” Plus, headless eCommerce platform Fabric has notched $100 million in a Stripes-led Series B funding round

Delivery Startup Jokr Raises $170M In Series A

Jokr, the grocery and retail delivery upstart, notched $170 million in investment through a Series A funding round that was headed up by Tiger Global Management, Balderton Capital and GGV Capital. The round saw additional participation from FJ Labs, HV Capital, Activant Capital, Monashees, Kaszek and Greycroft. The infusion will help the upstart grow operations and target “local product offerings and more sustainable delivery and supply chains,” Jokr CEO and Founder Ralf Wenzel said in an announcement.

Gopuff Launches Hot Meal Service Using Mobile Kitchens

Gopuff has entered a new industry with the rollout of “Gopuff Kitchen,” which delivers freshly prepared food to diners. The new offering will harness mobile kitchens working in conjunction with the Pennsylvania firm’s micro-fulfillment hubs, letting clients buy meals alongside other essentials and have them quickly delivered for a flat charge. “Gopuff leverages both its own recipes and ingredients from local partners to offer a mix of healthy and indulgent menu items, including hot, freshly prepared pizza, chicken tenders, salads, fresh brewed coffee and matcha, breakfast sandwiches and more for breakfast, lunch, dinner and late-night,” according to an announcement.

Fabric Notches $100M In Series B To Expand eCommerce Platform

Headless eCommerce platform Fabric has landed $100 million in a Stripes-led Series B funding round. The infusion will fund Fabric’s global growth, as the company aims to help thousands more mid-sized and enterprise business-to-consumer (B2C) and business-to-business (B2B) firms throughout the world with eCommerce. Fabric says it is the sole modular commerce platform created to help grow companies that have outgrown eCommerce offerings designed for small businesses and entrepreneurs.

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NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BREWING BATTLE FOR WHERE WE WILL BANK

About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand.

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