2. Amazon UK acquires Tesco, Sainsbury’s, co-op with hundreds of grocery stores
Amazon UK plans to open more than 260 Amazon Fresh grocery stores by the end of 2024.
These will all be cashless and use the e-commerce giant’s Just Walk Out technology, the company said in internal documents, according to a Business Insider report.
It says: “In 2022 we are assuming a broader roll-out of two market launches per week by the end of the year [the] Year with a total of 60 openings. ”
“We are planning 100 store openings per year in 2023 and 2024, in line with more aggressive opening programs run by convenience stores in the UK over the past five years. Tesco’s, Sainsbury’s and Co-op all have exceeded 100 openings per year. ”
Amazon, which poached Tony Hoggett from Tesco to run its international store division, is also reportedly planning to open a number of locations in Germany, Spain and Italy over the next year.
3. Nuro Closes Series D Mega Funding Round
Autonomous vehicle company Nuro has announced a $ 600 million financing round led by Tiger Global Management.
This has raised the valuation to around $ 8.6 billion, according to media reports.
Also in attendance were Baillie Gifford, Fidelity Management & Research Company, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Woven Capital and other existing investors on the Venture series were D round of financing.
The money will support the development and deployment of Nuro’s autonomous delivery service in the United States.
