Loading organizations...
§ Private Profile · Luxembourg, Luxembourg, Luxembourg
Global platform for instant grocery and retail delivery, delivering items in under 15 minutes for urban consumers.
JOKR, a global platform for instant grocery and retail delivery, is based in New York City, USA, specializing in hyper-local, ultrafast delivery of a broad assortment of items to customers' doorsteps in under 15 minutes. The company rapidly scaled its operations, establishing 100 hubs worldwide and expanding to seven countries within six months of its launch, focusing on efficiently serving urban areas. JOKR secured close to $500 million in funding, including a $260 million Series B round in December 2021, which valued the company at $1.2 billion. Within six months of its inception, it achieved an annualized revenue run-rate exceeding $100 million. The company attracted investments from firms such as GGV Capital, Balderton Capital, Tiger Global Management, and FJ Labs. JOKR was founded in 2021 by Ralf Wenzel, who previously co-founded foodpanda and Skrill.
JOKR has raised $530.0M across 4 funding rounds.
JOKR has raised $530.0M in total across 4 funding rounds.
JOKR has raised $530.0M in total across 4 funding rounds.
JOKR's investors include Convivialite Ventures, Balderton Capital, GGV Capital, Greycroft, G Squared, Lombard Odier Investment Managers, Monashees, Tiger Global, Better Tomorrow Ventures, M13, Notable Capital, Parade Ventures.
JOKR is a hyper-local grocery and retail delivery platform founded in 2021, specializing in delivering groceries, pharmaceuticals, and local products in under 15 minutes via micro-fulfillment hubs.[1][2][3][5] It serves urban consumers seeking instant access to over 10,000 products from global suppliers and local brands, solving the problem of time-consuming traditional shopping by minimizing waste, supporting neighborhood businesses, and offering no delivery fees or minimum orders.[1][3][6] With operations in cities like New York, São Paulo, Mexico City, Bogotá, Lima, Warsaw, and Vienna, JOKR has achieved rapid growth, boasting 3 million app downloads, 5 million users, a world-class Net Promoter Score of 76, and $530 million in total funding across rounds up to Series D.[3][5][6]
The company leverages AI-driven personalization, smart baskets based on user history and preferences, and efficient logistics with dedicated fleets and e-bikes to deliver a seamless, gamified app experience.[4][6]
JOKR emerged in March 2021 amid the explosive growth of rapid grocery delivery startups, inspired by low-capital European models that spawned numerous copycats worldwide.[3] Founders tapped into the post-pandemic demand for instant commerce, quickly raising $170 million in a Series A that summer to fuel aggressive expansion from Europe to the US, Latin America, and beyond—reaching 100 hubs across seven countries within months.[1][3][5] Early traction came from operational efficiency in hubs like Williamsburg, New York, where pickers and couriers fulfill orders in under 20 minutes using coolers and e-bikes, betting on infrastructure over profitability in the initial phase.[3] Headquartered initially in New York and later Luxembourg, JOKR rode a wave of $8.9 billion in global grocery delivery funding that year.[3][5]
JOKR rides the instant commerce trend, capitalizing on consumer shifts toward on-demand everything, fueled by pandemic habits and $8.9 billion in sector funding in 2021 alone.[3] Timing aligns with maturing logistics tech—AI routing, micro-hubs, and e-bikes—that scales low-capital models globally, disrupting retail by proving "if you build the infrastructure, you can sell anything in 15 minutes."[3] Market forces like urban density, rising e-grocery adoption, and rivals like Glovo amplify competition, yet JOKR's focus on local integration and zero-fee model differentiates it in a fragmented space.[3][5] It influences the ecosystem by pressuring traditional retailers to accelerate, expanding "15-minute retail" beyond groceries to apparel and more, while empowering local brands through app promotion.[3][6]
JOKR's momentum—Series D stage, $530M raised, and 3M downloads—positions it for deeper penetration in high-density markets, potentially achieving profitability via optimized hubs and AI efficiencies.[5][6] Trends like AI personalization, sustainable logistics, and multi-category expansion (e.g., electronics, pharma) will shape its path, amid consolidation in a capital-intensive sector.[2][3][5] Influence may evolve through partnerships or acquisitions, redefining urban retail as a unified instant platform—echoing its origins as a nimble disruptor now scaling to grocery dominance.[3][6]
JOKR has raised $530.0M across 4 funding rounds. Most recently, it raised $50.0M Series D in September 2023.