The last-mile delivery service provider has bought the e-commerce software developer in a $42m deal enabling Dunnhumby and Woodman's Market to exit.

Last-mile delivery service Point Pickup Technologies has acquired GrocerKey, the US-based white-label e-commerce platform developer backed by supermarket chain Woodman’s Market and consumer data provider Dunnhumby, for a reported $42m.

Founded in 2015, Point Pickup counts some of the biggest food retailers in the US, including Walmart and Kroger, as its clients, delivering groceries to customers on their behalf.

With the purchase of GrocerKey, which develops e-commerce software for retailers, Point Pickup aims to get an edge on rivals like…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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