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A consolidation wave is on its way as the grocery industry raises a lot of funds

The latest data from Pitchbook, a research firm, shows that venture-backed grocers have raised funds worth $10B in 2021. The grocery industry is moving ahead at a fast-paced speed all around the globe. Various dark-store grocery firms are delivering groceries within ten minutes in Europe. Experts now see a wave of consolidation approaching soon as the industry gets saturated. US-based Instacart was valued at $39B in March, while GoPuff is valued at $8.9B. The largest funding round was for the Chinese grocer Xingsheng Youxuan that raised $3 Million. For meaningful consolidation activities to occur, these grocers need to have a solid presence in the grocery market.

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