Prosus and SoftBank Vision Fund 2 co-led a round valuing the the online grocery retailer, which has just rebranded, at $900m post-money.
Norway-based online grocer Oda has raised €223m ($265m) in a round co-led by internet and telecommunications group SoftBank’s Vision Fund 2 and Prosus, an internet group majority-owned by media and e-commerce conglomerate Naspers, TechCrunch has reported.
The round included discount grocery chain Rema and investment firm Kinnevik, and it was disclosed earlier today alongside the company’s rebranding from its old moniker of Kolonial. The cash was secured at a $900m post-money valuation, it told TechCrunch.
Founded in 2013, Oda provides an online platform for grocery shopping that also offers same-day delivery, through a network of fulfilment centres. The funding will support an international expansion set to begin with Finland.
Kinnevik took a 15% stake in Kolonial in 2018 through a $23.6m primary in investment and the purchase of $11.8m of shares through a secondary transaction. It said today its stake now stands at 21%.
Shipping, investment and real estate…
