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Weee! raises $315M in Series D Funding

by Ritik Gupta March 19, 2021, 3:45 pm

Image Source - Google | Image by prnewswire

Weee!, an online grocer focusing on Asian and Hispanic communities, announced today that it had raised a $315 million Series D round of funding. Existing investor DST Global led the round with participation from new investors Blackstone, Arena Holdings, and Tiger Global.

The company intends to use the new capital to further accelerate its geographic expansion with efficient fulfilment technology, build a diverse product assortment, recruit exceptional talent, and invest in engaging the broader Asian and Hispanic communities with personalization features.

Founded in 2015 by Larry Liu, CEO, Weee! offers speciality products and everyday essentials across a category assortment spanning ethnic ingredients essential to Asian and Hispanic cuisines. The company currently serves 14 key regions coast-to-coast and aims to expand to 30 cities across North America by 2024. No subscription is required to shop, and next-day delivery is free with a low order minimum.

Written by Ritik Gupta

His name is Ritik Gupta; currently pursuing law. He has always kept pride as his everything. He deems writing as not like any other hobby but a reflection of one’s intellectuality. He likes to research on the parasitic problems and then lay them down in such a means that can be of assistance to the society. He just not studies law but treats it a controversial weapon to defeat the wrong.