Black-owned AI grocery startup Vori has raised $22 million in a series B round led by Cherryrock Capital, led by former TaskRabbit CEO Stacy Brown-Philpot, according to Fortune. Brandon Hill launched the company in 2024, with a family history in groceries. His grandparents ran a small store in Oklahoma, and his parents worked in a grocery store during their early career years. His mother currently works at Vori. When Hill visited his parents in Minnesota in 2020, he saw how they were still using paper invoices and wholesale catalogs. This
Wasoko, one of Africa’s largest B2B grocery marketplaces, has experienced a 48% markdown in its valuation. A B2B Grocery Marketplace Founded by Daniel Yu in 2014, Nairobi-based Wasoko has grown remarkably, expanding its operations across multiple African markets. By 2023, it boasted a significant customer base, secured agreements with major suppliers, and offered competitive pricing. TechCrunch reports that VNV Global, a Swedish investment firm, has revised Wasoko’s value to about $260 million, a 48% reduction from previous estimates, according to its annual report for 2023. This revision coincides with Wasoko’s planned merger
