Mercato raises $26M Series A to help smaller grocers compete online

The pandemic upended the way people shop for their everyday needs, including groceries. Online grocery sales in the U.S. are expected to reach 21.5% of the total grocery sales by 2025, after leaping from 3.4% pre-pandemic to 10.2% as of 2020. One business riding this wave is Mercato, an online grocery platform that helps smaller grocers and speciality food stores get online quickly. After helping grow its merchant sales by 1,300% in 2020, Mercato has now closed on $26 million in Series A funding, the company tells TechCrunch.

The round was led by Velvet Sea Ventures with participation from Team Europe, the investing arm of Lukasz Gadowski, co-founder of

→ Continue reading at TechCrunch

More from author

Related posts

Advertisment

Latest posts

Sponsored: Almaden Valley home built in 2014 features access to Los Gatos schools, creek and open space 

An exclusive pocket of newer homes sits at the base of gorgeous hillsides and open space and just steps from a scenic walking path...

3 Ways to Get Your Zoom-Fatigued Employees to Embrace the Virtual-First Future of Work

April 13, 2021 9 min read Opinions expressed by Entrepreneur contributors are their own. The future...

China tells its tech giants to heed 'warning' in Alibaba's record fine

The State Administration for Market Regulation (SAMR), along with the Cyberspace Administration (CAC) and the State Taxation Administration (STA), met with executives from 34...