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GrubMarket

GrubMarket

GrubMarket is a company supplying local fresh food online and offers delivers them to customers.

GrubMarket is a wholesale marketplace for healthy and environmentally friendly consumer products. GrubMarket was founded in 2014 by Mike Xu. GrubMarket aims to offer fresh, healthy, and environmentally friendly food and other consumer-products at affordable prices. It is based in San Francisco, California.

Service

GrubMarket primarily offers food products in their online marketplace. They offer fresh produce that is organic and non-GMO; as well as processed food that carefully considers dietary restrictions such as vegan, gluten-free, cholesterol-free, and trans-fat free. GrubMarket also provides other consumer products such as home goods and health and beauty products. All their products come directly from the supplier, thus allowing GrubMarket to offer wholesale prices to their users.

Funding

Since 2015, GrubMarket has collected $89.1 million in funding through five rounds of financing. During its participation in the YC W15 cohort of Y Combinator, the company raised an estimated $64,100,000. Its most recent funding round was held in April 2019, raising $25 million. Thirty-four investors have funded GrubMarket since its first funding round, with four amongst them as lead investors. These investors include WI Harper Group, ACE & Company, GGV Capital, Digital Garage, and Alumni Ventures Group.

Timeline

April 21, 2021
GrubMarket announces it has completed the acquisition of Jana Food.
February 2021
GrubMarket raises a $56,000,000 series D round from ACE & Company, BlackRock, Celtic House Venture Partners, GGV Capital, Madison Bay Capital Partners, Marubeni Ventures, Reimagined Ventures, Sixty Degree Capital, The Strand Partners and Trinity Capital Investment.
December 22, 2020
GrubMarket announces that Genevieve Wang, former Chief Strategy Officer and VP of Product at Brightidea, Inc., will join its management team as Chief Product Officer.

October 2020
GrubMarket raises a $60,000,000 series D round from BlackRock, Celtic House Venture Partners, Marubeni Ventures, Mojo Partners, Reimagined Ventures, Sixty Degree Capital and Trinity Capital Investment.
October 2020
GrubMarket raises a $60,000,000 series D round from BlackRock, Celtic House Venture Partners, Marubeni Ventures, Mojo Partners, Reimagined Ventures, Sixty Degree Capital and Trinity Capital Investment.
October 2020
GrubMarket raises a $60,000,000 series D round from BlackRock, Celtic House Venture Partners, Marubeni Ventures, Mojo Partners, Reimagined Ventures, Sixty Degree Capital and Trinity Capital Investment.
October 2020
GrubMarket raises a $60,000,000 series D round from BlackRock, Celtic House Venture Partners, Marubeni Ventures, Mojo Partners, Reimagined Ventures, Sixty Degree Capital and Trinity Capital Investment.
August 4, 2016
GrubMarket raises a $20,000,000 series B round from Sound Ventures.

Funding rounds

People

Name
Role
LinkedIn

Chako Fairbanks

VP of Operations

Dan Rabens

VP of Marketing

Mike Xu

Founder and CEO

Shih-Chieh Tao

CTO

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Richard Dal Porto
September 13, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Ingrid Lunden
September 13, 2021
TechCrunch
When people talk about "online food delivery" services, chances are that they'll think of the Uber Eats, Instacarts and Getirs of this world. But today a startup that's tackling a different aspect of the market -- addressing the supply chain that subsequently turns the wheels of the bigger food distribution machine -- is announcing a [...]
GrubMarket
June 23, 2021
www.prnewswire.com:443
/PRNewswire/ -- GrubMarket today announced it has completed the acquisition of Sierra Produce, one of the largest importers of South American fruits directly...
GrubMarket
April 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- GrubMarket today announced it has completed the acquisition of Jana Food, a highly reputable and well-established halal and ethnic food...
GrubMarket
February 9, 2021
www.prnewswire.com:443
/PRNewswire/ -- GrubMarket today announced it completed $90 million of financing in an oversubscribed Series D round in 2020, from funds and accounts managed...
GrubMarket
December 22, 2020
www.prnewswire.com:443
/PRNewswire/ -- GrubMarket, Inc. today announced that Genevieve Wang, former Chief Strategy Officer and VP of Product at Brightidea, Inc., will join its...
GrubMarket
December 8, 2020
www.prnewswire.com:443
/PRNewswire/ -- GrubMarket today announced it has completed the acquisition of Leo's Apples Inc, a highly-reputable and well-established provider of a wide...
AlleyWatch
October 10, 2020
AlleyWatch
The Pulse of New York Tech

References

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