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Losses mount for startups racing to deliver groceries fast and cheap

Jokr, Getir and Buyk are piling on freebies to build up a customer base in New York City

Grocery Delivery Startup Jokr Explores Sale of European Business

(Bloomberg) Rapid grocery delivery startup Jokr is exploring a sale of its smaller European business as it focuses on expanding into the U.S. and Latin America, according to people familiar with the matter. New York-based Jokr, which launched in March and recently raised $260 million at a $1.

Delivery Hero Invests In Gorillas

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Delivery Hero SE (DHER.DE DLVHF.OB) has invested $235 million in on-demand delivery startup Gorillas Technologies GmbH. Delivery Hero led Gorillas' series C

European Shares Mixed In Directionless Trade

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European shares struggled for direction on Tuesday as investors awaited more earnings for fresh insight into how companies are faring with inflation and supply-chain

DAX Holds Steady As Bond Yields Soften

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were steady on Tuesday, tracking firm cues from Asia as Treasury yields declined and a flattening in the yield curve paused.Amid a light day on

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