Kinnevik bought a 15% stake in Rasmussen, Varner and Arctic-backed online grocer Kolonial in a primary and secondary transaction.
Kolonial.no, a Norway-based online grocery retailer backed by shipping and real estate conglomerate Rasmussen, has sold a 15% stake to investment firm Kinnevik for a total consideration of Nkr300m ($35.4m).
Kinnevik invested $23.6m directly and purchased an additional $11.8m from undisclosed existing shareholders through a secondary transaction.
Founded in 2013, Kolonial operates an online grocery store that focuses on low prices, shipping produce to consumers in an unbroken cold supply chain.
The company has partnered discount supermarket chain Rema 1000…
