While the market has been tough for the food delivery start-up market, the grocery delivery start-ups have seen an upswing in investment from venture capitalists (VCs).
Even as deal activity in the food delivery sector as a whole continues its downward trajectory, grocery delivery startups continue to pull ahead of meal delivery startups in both deals and dollars. Grocery delivery start-ups have raised almost $600 million more than food delivery start-ups so far in 2017, according to a CB Insights report.
Source: CB Insights
Grocery delivery start-ups have raised globally have raised $713 million in 2017 till date from 36 deals. It is expected to grow to $2 billion by the end of the year from 106 deals.
This is a large growth in the funding for grocery delivery start-ups, which was at $1.4 billion in 2016. The…