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JOKR

JOKR

JOKR is a provider of hyperlocal product delivery services.

Overview

JOKR is a Germany-based platform that offers a range of retail products from hyperlocal warehouses, allowing customers to receive faster delivery of goods by bike couriers in under fifteen minutes. The company has various hyperlocal micro fulfillment centers stocked with the application's offered goods where couriers retrieve orders for delivery. JOKR offers a wide variety of products; the CEO Ralf Wenzel stated in an interview regarding the company:

We are building Amazon on steroids. It’s not just convenience on demand but a new generation of retail.

Currently, individual proprietors can apply to join JOKR as a product supplier, property owner, or courier through the company website.

Expansion

On April 22, 2021, it was announced that JOKR had made expansion plans to start operations in the United States. JOKR's previous operations are live in various cities, including Sao Paulo, Brazil; Lima, Peru; and Mexico City, with 2021 plans for launch in Bogata, Colombia and other cities in the U.S. and Europe. JOKR has secured over twenty retail locations in New York City and is also looking to expand to New Jersey.

Timeline

December 2, 2021
JOKR raises a $260,000,000 series B round.
July 20, 2021
JOKR closes a $170,000,000 Series A funding round led by GGV Capital, Balderton Capital and Tiger Global Management. It was joined by Activant Capital, Greycroft, FJ Labs, Kaszek and monashees, and HV Capital.
July 20, 2021
JOKR raises a $170,000,000 series A round from Activant Capital, Balderton Capital, FJ Labs, GGV Capital, Greycroft, Kaszek Ventures, Monashees and Tiger Global Management.

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News

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Mike Butcher
July 20, 2021
TechCrunch
"We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products." It's quite one thing to claim you are out to replace Amazon (just as its founder goes into space), but Ralf Wenzel, Founder and CEO of JOKR, [...]
FinSMEs
July 20, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Mike Butcher
July 20, 2021
TechCrunch
"We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products." It's quite one thing to claim you are out to replace Amazon (just as its founder goes into space), but Ralf Wenzel, Founder and CEO of JOKR, [...]
Sarah Perez
June 5, 2021
TechCrunch
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices [...]
Jordan Crook
June 2, 2021
TechCrunch
For years now, the world of retail has been evolving. Whether it's next-day delivery with Amazon Prime or subscription D2C services or on-demand delivery from Postmates, we're growing increasingly accustomed to being able to buy something and have it arrive at our door relatively quickly. Today, a new startup is launching in New York with [...]

References

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