Japan Post Capital returned to participate in the fresh produce delivery service’s latest close at a $1.2bn valuation, after two series E tranches disclosed recently.

US-based online grocer app operator GrubMarket received $145m yesterday in a series E round that included Japan Post Capital, a corporate venturing vehicle for postal services firm Japan Post.

Tiger Global Management, funds and accounts advised by BlackRock, Liberty Street Funds, Apeira Capital, Celtic House Asia Partners, We Capital and Walleye Capital also took part in the round, as did unnamed other investors. It valued the company at above $1.2bn.

Founded in 2014, GrubMarket has built a mobile marketplace that…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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