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Cajoo bags $40M to ramp up its quick grocery delivery services

Cajoo, a French food and grocery delivery startup, has raised $40M in an investment round. Carrefour, the retail giant in EMEA, has led the investment round along with existing investors Frst and XAnge. Carrefour will help Cajoo offer a broader range of products to consumers. The delivery startup has dark stores and has its own inventory of products. The service is currently available in 10 French cities — Paris, Neuilly-sur-Seine, Levallois-Perret, Boulogne-Billancourt, Lille, Lyon, Toulouse, Bordeaux and Montpellier. Cajoo will use the funds raised to grow and compete with existing competitors like Getir, Gorillas, and Zap.

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