GrubMarket, a San Francisco, CA-based food tech eCommerce company, acquired FreshGoGo, a Plainview, New York-based provider of an Asian grocery and specialty food eCommerce platform in North America.
The amount of the deal was not disclosed.
With the acquisition, GrubMarket will expand its offerings.
FreshGoGo is an online grocery shopping and food delivery platform dedivated to addressing the demand for Asian food products in North America. The company offers a one-stop shopping experience for an extensive selection of nearly 6,000 unique SKUs, ranging from fresh vegetables, meats, and seafood to dry goods, snacks, specialty items, and gourmet Asian dishes from top local restaurants.
FreshGoGo’s advanced cold chain distribution and logistics network includes a 50,000-square-foot central warehouse facility in New York; satellite dispatch centers in New Jersey, Boston, Washington D.C., Chicago, and Atlanta; dozens of temperature-controlled vehicles; and a vast network of over 200 pickup stations, ensuring quick and convenient delivery for all customers. Over the years, the company has expanded its services to 25 states along the East Coast and Central U.S., catering to over 200,000 customers and fulfilling millions of orders. After the acquisition, FreshGoGo will continue to be managed by its current experienced leadership team.
Led by CEO Mike Xu, GrubMarket is a food tech company offering AI-powered software-as-a-service solutions to improve the American and global food supply chain.
The company operates in all 50 U.S. States and has a global presence in Argentina, Canada, Chile, Colombia, Egypt, India, Mexico, South Africa, and Spain, with plans to expand further across the U.S., Canada, South America, Europe, Africa, and other parts of the world.
FinSMEs
29/08/2024