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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Prescription subscription: lessons from health brands going direct to the consumer thedrum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedrum.com Daily Mail and Mail on Sunday newspapers.
We live in a subscription economy. Whether it’s car-sharing or shaving, food delivery or films on demand, we are increasingly happy to pay a monthly fee to make our lives easier – and, it seems, healthier. We speak to subscription startups from the health sector.
Good Eggs raises $100M and plans to launch in Southern California
Grocery delivery startup Good Eggs is announcing that it has raised $100 million in new funding, and that it’s planning to launch in Southern California in either the summer or fall of this year.
Parts of this story might sound familiar to readers familiar with Good Eggs when the startup raised its most recent funding, a $50 million round in 2018, CEO Bentley Hall also mentioned plans for geographic expansion.
It seems, however, that the company has found plenty of opportunity for growth while remaining focused on the San Francisco Bay Area. Good Eggs says that in the past year, it has grown revenue to the nine figures (more than $100 million), hired more than 400 employees and nearly doubled its customer base.
By Reuters Staff
2 Min Read
Feb 3 (Reuters) - Good Eggs said on Wednesday it had raised $100 million in a new funding round, as the local food delivery firm and marketplace looks to expand beyond the Bay Area into South California and triple its addressable market.
The company’s online marketplace allows people to buy consumables, including meal kits, alcohol and flowers, from producers within their community.
The funding round was led by venture capital firm Glade Brook Capital Partners and Alphabet Inc’s GV and also included investments from Tao Invest, Finistere Ventures, and Rich’s.
“The grocery market is undergoing a fundamental change and the shift to e-commerce and higher quality products and services is accelerating,” J.P. Van Arsdale, a partner at Glade Brook who is also joining the Good Eggs board, said.