An unnamed investor provided $4.8m for the SoftBank, Prosus, Rasmussen, Arctic Group and Rema-backed online grocer at a $1.2bn valuation 33% higher than its last round, in April.

Oda, a Norway-based online grocer backed by several corporates, has raised approximately NOK40m ($4.8m) from an undisclosed investor at a $1.2bn valuation, Bloomberg reported on Sunday.

The investor was an unnamed “international financial player” which bought $4.8m of shares from smaller Oda shareholders.

The company was valued at $900m in a $265m round in April 2021 co-led by internet and telecommunications group SoftBank’s Vision Fund 2 and Prosus, the internet group formed by media and e-commerce conglomerate Naspers, and…

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