GrubMarket raises $50M at $3.5B+ valuation to build AI for the $1 trillion food distribution industry

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U.S. President Donald Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid an uncertain public mood — all of which will inevitably impact the technology sector, too. On Tuesday, however, one food e-commerce startup, GrubMarket, seemed impervious to these macroeconomic concerns: it announced a new equity round of $50 million on a raised valuation of over $3.5 billion — underscoring how some tech businesses are not slowing down their expansion plans despite the high level noise.

The funding round — a…



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GrubMarket raises $50M at $3.5B+ valuation to build AI for the $1 trillion food distribution industry


U.S. President Donald Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid an uncertain public mood — all of which will inevitably impact the technology sector, too. On Tuesday, however, one food e-commerce startup, GrubMarket, seemed impervious to these macroeconomic concerns: it announced a new equity round of $50 million on a raised valuation of over $3.5 billion — underscoring how some tech businesses are not slowing down their expansion plans despite the high level noise.

The funding round — a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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