Cornershop Acquisition, Valuation, Funding & Investors

Kitopi is a Kitchen as a Service platform enabling restaurants to launch delivery-only venues with managed kitchens and software infrastructure. Operating in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain since 2018, it supports rapid expansion for food brands minimizing upfront investments. The model facilitates virtual restaurant concepts across the Gulf region.

Gopuff, the trading name of GoBrands Inc., is a Philadelphia-based instant-commerce company that delivers convenience-store goods from its own network of micro-fulfillment centers in the United States and the United Kingdom. Through its app customers order snacks, drinks, groceries, household essentials, over-the-counter medicine, baby and pet products and, where licensed, alcohol, typically delivered in about 30 minutes. Because it owns its inventory and warehouses, Gopuff earns product margins and delivery fees, adds recurring income from its FAM membership programme and sells retail-media advertising to consumer brands. It also owns the BevMo! beverage-alcohol chain and entered the UK by acquiring Fancy of Newcastle upon Tyne. Gopuff delivered in more than 500 US cities as of 2025, reported revenue of about $1.2 billion in 2023 and employs roughly 5,000 people. Backed by SoftBank, Accel, D1 Capital, Fidelity, Baillie Gifford, Eldridge and Valor, it raised $250 million at an $8.5 billion valuation in November 2025, down from a $15 billion peak in 2021. The company was founded in 2013 by Drexel University students Yakir Gola and Rafael Ilishayev.

Rappi is a Colombian super app that connects consumers with restaurants, supermarkets, pharmacies and specialty stores for on-demand delivery. It was founded in Bogota in 2015 by Simon Borrero, Sebastian Mejia and Felipe Villamarin and took part in Y Combinator in 2016. The company operates in Latin American countries including Colombia, Mexico, Brazil, Argentina, Chile, Peru, Uruguay, Ecuador and Costa Rica, with offices in Bogota, Sao Paulo and Mexico City. Beyond delivery it offers a Prime subscription, retail media advertising, a fast-delivery grocery format called Turbo and financial services through RappiPay. Its investors include SoftBank, Sequoia Capital, Andreessen Horowitz, DST Global, T. Rowe Price and Amazon, and it reached unicorn status in 2018. The company has been preparing for a possible public listing.

Talabat Holding PLC is engaged in the on-demand online food ordering, delivery, takeaway and groceries and convenience retail marketplace in the MENA region, with operations in the UAE, Kuwait, Qatar, Bahrain, Egypt, Oman, Jordan, and Iraq.

Founded in 2011, Delivery Hero is an online delivery demand aggregator. The company is headquartered in Germany and operates in over 70 countries across Latin America, Asia, Europe, the Middle East, and Africa. Delivery Hero creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. Nearly half of Delivery Hero’s revenue is commission fees from merchants. Through its applications, which vary by region, customers can order meals, grocery items, pharmacy products, and retail goods. In addition, Delivery Hero operates Dmarts.

Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.

Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore, Indonesia, and Malaysia contributed more than 70% of revenue in 2024. Grab’s main competitors in Southeast Asia are Line Man and Goto. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.

DiDi Global Inc is a mobility technology platform that provides a range of mobility services as well as other services. It is building four key components of its platform that work together to improve the consumer experience: shared mobility; energy and vehicle services; electric mobility; and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing; International; and Other Initiatives.

OPay is a Lagos-headquartered mobile money platform operating in Nigeria and Egypt. The app facilitates peer-to-peer transfers, bill payments, ride-hailing, and grocery delivery backed by Opera Software. OPay issues virtual debit cards and offers microloans through its wallet, integrated with POS terminals nationwide. The service powers merchant QR payments and airtime top-ups for underserved populations.

Weee! is a San Francisco-headquartered online grocery delivery service specializing in Asian and Hispanic products. Launched in 2015, it stocks over 20,000 items including fresh produce, seafood, snacks, and staples from China, Japan, Korea, Mexico, and beyond. Available in 20 U.S. metro areas, it offers same-day delivery through warehouses in California, New Jersey, and Texas.

Zepto is an Indian quick-commerce company headquartered in Bengaluru that delivers groceries and household essentials to customers in about ten minutes from a network of dark stores. It began as KiranaKart and was founded in July 2021 by Aadit Palicha and Kaivalya Vohra, two Stanford dropouts. The company moved its domicile from Singapore to India and trades as Zepto Private Limited. Its revenue from operations grew from Rs 4,455 crore in the year to March 2024 to Rs 11,110 crore in FY25 and Rs 22,624 crore in FY26, and its dark stores grew from 337 to more than 1,300 over the last year. Zepto raised funding from Nexus Venture Partners, Glade Brook, StepStone, General Catalyst and CalPERS, reaching a USD 7 billion valuation in October 2025. It filed for a stock market listing in India and postponed the offering in August 2026.

Swiggy Ltd is a consumer-first technology company offering users an easy to use convenience platform, accessible through a unified app to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery partner network. Its platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut). It has five business segments: Food Delivery, Out of home consumption, Quick commerce. Supply chain and distribution and Platform Innovations. Key revenue is generated from Food delivery business that offer on demand Food Delivery services through a network of restaurant partners and delivery partners, which is available through mobile application and or website.

Ninja is an Abu Dhabi-based quick commerce operator delivering groceries and daily essentials within 10 minutes. Launched in UAE, it operates dark stores in major cities and expands through hyperlocal fulfillment networks.

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

Match Group Inc is a provider of online dating products. The company's portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and more, each built to increase its user's likelihood of connecting with others. The company has four operating segments: Tinder, Hinge, Evergreen and Emerging, and Match Group Asia. The company generates the majority of its revenue from the Tinder segment.

Zomato (legal name Eternal Ltd) is an online food service platform. The customers use the platform to search and discover restaurants, read and write customer-generated reviews and view and upload photos, order food delivery, book a table, and make payments while dining out at restaurants. It also provides a platform for Restaurant partners and Brands to advertise themselves to the target audience in India and abroad and supplies high-quality ingredients to Restaurant partners. Its reportable segments include India food ordering and delivery; Hyperpure supplies, Quick commerce business, Going Out, and All other segments. The company generates maximum revenue from the India food ordering and delivery segment.

Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer.

Inxeption is an Austin-headquartered digital commerce platform for industrial and supply chain businesses. The cloud-based SuperApp offers on-demand capital, data analytics, products, and logistics services via a B2B marketplace. Partners access sales channels and tools integrating with ERP systems for manufacturers in aerospace, energy, and construction.