Carrefour launches fund to invest in digital retail startups

PARIS (Reuters) – Carrefour, Europe’s largest meals retailer, is becoming a member of forces with enterprise capital agency Daphni to put money into digital retail startups as a part of a world plan to step up e-commerce enlargement over the following 4 years, it mentioned on Monday.

Their new enterprise capital fund, Dastore, will initially make investments 80 million euros ($88 million) by taking minority stakes in high-potential rising startups in France and globally to permit Carrefour “to remain near improvements and rising applied sciences”, the assertion mentioned.

Final November Carrefour pledged to spend 3 billion euros between 2022 and 2026 to step up digital enlargement, one of many pillars of the group’s technique to remain forward of Amazon on grocery deliveries and speed up its persevering with turnaround.

($1 = 0.9071 euros)

(Reporting by Dominique Vidalon; Modifying by David Goodman)