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 backed by grocery chain Rema and investment firm Kinnevik.
Founded as Kolonial in 2013, Oda sells a variety of grocery products through an online platform that offers same-day delivery to customers.
Kinnevik had increased its stake in the company to 21% in the April round having initially bought a 15% stake in the business in 2018 through a $23.6m primary investment and $11.8m secondary transaction.
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