JOKR Valuation, Funding & Investors
JOKR is valued at $800M as of September 2023.
Last JOKR valuation
$800M
Series D · Sep 2023
Last JOKR funding round
$50M
Series D · Sep 2023
Cumulative funding JOKR raised
$550M
across 5 funding rounds
Key investors in JOKR
Tiger Global
Notable Capital
HV Capital
G Squared
Balderton Capital
Convivialite Ventures
About JOKR
JOKR is a rapid-delivery online grocer operating across Latin America, including as Daki in Brazil. The Berlin-headquartered company runs micro-fulfillment centers stocking 10,000 SKUs of fresh produce, pantry items, pharmacy products, and local specialties. Algorithms personalize recommendations and routes for 15-minute deliveries in cities like Bogotá, Mexico City, and São Paulo. Backed by investors such as Tiger Global and Kaszek Ventures, JOKR serves over 20 urban markets.
Founded
2021
HQ
LuxembourgWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$800M (Sep 2023)
JOKR Valuation
JOKR is currently valued at $800M, based on its Series D in September 2023.
The $50M round was led by Activant Capital, Convivialite Ventures, Lombard Odier and Tiger Global, with participation from Balderton Capital, Greycroft, G Squared, HV Capital, Notable Capital and 1 other investor.
JOKR's valuation has moved from $1.2B at its Series B in December 2021 to $800M in September 2023, across 3 priced rounds.
JOKR valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2023 | Series D | $800M |
| Feb 2023 | Series C | $1.3B |
| Dec 2021 | Series B | $1.2B |
JOKR Funding History
JOKR has raised a total of $550M across 5 funding rounds.
JOKR's first fundraising round was a $20M seed round in April 2021. The most recent completed round was a $50M Series D in September 2023.
JOKR funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Series D | Activant Capital (lead); Convivialite Ventures (lead); Lombard Odier (lead); Tiger Global (lead); Balderton Capital; Greycroft; G Squared; HV Capital; Notable Capital; MONASHEES | $50M | $800M | JOKR is a Berlin-based instant grocery delivery company operating under the DAKI brand in Brazil, offering rapid delivery of groceries and essentials through a network of dark stores. The company raised approximately $50 million in its Series D funding round on September 20, 2023, achieving a post-money valuation of $800 million, down from $1.3 billion in its prior $50 million Series C in February 2023. The round was led by Activant Capital, Convivialité Ventures (investment arm of Pernod Ricard), Lombard Odier, and Tiger Global, with participation from Balderton Capital, G Squared, Greycroft, HV Capital, Monashees, and Notable Capital. JOKR has focused operations on Brazil after exiting markets in the US, parts of Latin America, and Europe to prioritize path to profitability amid challenging conditions. CEO Ralf Wenzel noted the 40% valuation reduction reflects market realities, with no debt, board seats, or preferences attached. The funding supports expansion in existing Brazilian metropolitan areas, development of grocery offerings, and potential re-entry into prior Latin American markets, while aiming for overall profitability. Financially, JOKR reported over 25% gross profit margins with no subsidized grocery orders, improved retention and order frequency, and month-over-month growth. Its advertising program on the DAKI platform, enabling brand promotions, now contributes 10% to overall revenue and has drawn interest from CPG brands. Brazil's grocery market is projected to reach $80 billion by 2026, positioning JOKR in an underserved segment. |
| Feb 2023 | Series C | Convivialite Ventures (lead); G Squared (lead); Tiger Global; HV Capital; Notable Capital | $50M | $1.3B | JOKR is an instant grocery delivery platform specializing in hyper-local, rapid delivery of supermarket products, convenience items, pharmaceuticals, and exclusive local goods within minutes. Founded in 2021 by Ralf Wenzel and headquartered in New York with operations focused on Latin America (as DAKI in Brazil), the company raised $50 million in a Series C funding round announced February 6, 2023, at a post-money valuation of $1.3 billion. The round was led by G Squared, with participation from existing investors including GGV Capital, Tiger Global Management, and HV Capital, providing capital to support a fully funded business plan toward self-sustainability and reduced dependence on external funding. CEO Ralf Wenzel highlighted the valuation as reflecting strong traction and progress toward profitability despite market corrections, validated by both new and existing investors. This Series C followed a Series B in March 2022 at $1.2 billion valuation with $260 million raised. The funding aimed to bolster operations in key markets like Brazil, where JOKR had doubled down after exiting some Latin American regions earlier. A subsequent Series D in September 2023 raised another $50 million at a reduced $800 million post-money valuation, led by Convivialité Ventures and Lombard Odier, with similar investors including G Squared, GGV, Balderton, Monashees, Greycroft, and Tiger Global; this down-round reflected market conditions without additional governance strings. |
| Dec 2021 | Series B | G Squared (lead) | $260M | $1.2B | JOKR is a rapid grocery delivery platform offering 15-minute delivery of supermarket, convenience, pharmaceutical, and local products through a hyper-local model with proprietary algorithms for inventory optimization, achieving high customer retention rates over 50% organic and accelerating order frequency. Founded in 2021 and headquartered in Berlin, the company launched operations in March 2021 and quickly expanded into Latin America and the U.S. before later refocusing on Latin America and exiting the U.S. market. The $260M Series B round, announced around November 2021 to early 2022 and matching the G Squared participation (as a key investor alongside lead Tiger Global, SoftBank Latin America Fund, GGV Capital, Activant Capital, Greycroft, HV Capital, and others), valued JOKR at a $1.2 billion post-money valuation, granting unicorn status just eight months after launch. Funds were allocated to accelerate product development, team expansion, global operations scaling (particularly in high-growth Latin American cities), technology enhancements, and localized inventory to boost basket sizes and sustainability. This followed a Series A in July 2021 and preceded a $50M Series C in February 2023 at $1.3B valuation led by G Squared, with total funding reaching $480M in equity and debt by early 2023 amid industry challenges like post-Covid shifts and funding slowdowns in quick commerce. |
| Jul 2021 | Series A | Balderton Capital (lead); Notable Capital (lead) | $170M | - | JOKR is an instant grocery delivery startup founded by Ralf Wenzel and team from foodpanda and Delivery Hero, launched in March 2021, focusing on micro-fulfillment centers for rapid delivery in Latin America and the US. In summer 2021, JOKR raised $170 million in a Series A round led by GGV Capital, Balderton Capital, and Tiger Global Management, following an undisclosed seed from SoftBank and Tiger Global. The funds supported rapid expansion amid strong investor interest. By early 2022, JOKR raised a $260 million Series B at $1.2 billion post-money valuation, achieving unicorn status just eight months after launch, backed by Activant Capital, Balderton, Greycroft, GGV Capital, G-Squared, HV Capital, Kaszek, Mirae Asset, Monashees, Moving Capital, Tiger Global, and others including founder investments. The company reported best-in-class customer retention, over 50% organic new customers, accelerating order frequency, and 15% weekly GMV growth, with focus shifting to grocery in Latin America. Later rounds included a $50 million Series C at $1.3 billion valuation in February 2023 and a $50 million Series D at $800 million post-money in September 2023 led by Convivialité Ventures, with advertising now at 10% of revenue per CEO. JOKR aimed for profitability and potential re-entry into exited Latin American markets. Balderton Capital, with $5B+ AUM, continued support from Series A onward. |
| Apr 2021 | Seed | HV Capital (lead); Tiger Global (lead) | $20M | - | - |
Who has invested in JOKR?
10 investors have backed JOKR across its funding rounds, including Tiger Global, Notable Capital, HV Capital, G Squared, Balderton Capital and Convivialite Ventures.
Lead investors include Activant Capital, Convivialite Ventures, Lombard Odier, Tiger Global, G Squared and 3 other investors.
JOKR Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Chicago, IL | 3 | Lead | Dec 2021 | |
| New York City, NY | 3 | Lead | Apr 2021 | |
 Munich | 3 | Lead | Apr 2021 | |
| San Francisco, CA | 3 | Lead | Jul 2021 | |
| San Francisco, CA | 2 | Lead | Feb 2023 | |
 London | 2 | Lead | Jul 2021 | |
| New York City, NY | 1 | Participant | Sep 2023 | |
 Geneva | 1 | Lead | Sep 2023 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by JOKR
JOKR has acquired 1 company to date.
Last acquisition by JOKR was on May 4th 2022. JOKR acquired Plaz for undisclosed valuation.
Latest Acquisitions by JOKR
| Description | Plaz is a Bogotá-based agritech company that sources and delivers farm-fresh fruits and vegetables to individual consumers across Colombia and to institutional buyers including restaurants and hotels. It partners with over 200 local farmers to provide daily deliveries in cities like Medellín and Cali through a network of refrigerated warehouses and logistics. Launched in 2019, Plaz processes more than 50 tons of produce weekly, emphasizing sustainability with zero-waste packaging and carbon-neutral transport. |
| HQ Country |  |
| HQ City | Bogotá |
| Deal Date | 4 May 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all JOKR acquisitions and their M&A valuation multiples. Start Free Trial | |
JOKR Competitors
JOKR competitors include listed companies like Groupon and Ibotta, and private ones like Benlai, LINE MAN Wongnai, Daki and Ozon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Beijing | Private | - | - | $1B | - | |
 Bangkok | Private | - | - | $1B | - | |
 São Paulo | Private | $4M | - | $800M | 200.0x | |
 Moscow | Private | $118M | - | $815M | - | |
| United States | Publicly listed | $498M | ($19M) | $765M | 1.7x | |
| United States | Publicly listed | $342M | $7M | $972M | 2.4x |
JOKR Public Comps
JOKR is still privately-owned, but its public comps include EverQuote, Bengo4.com, AUCNET, Groupon, almeera, WeBuyCars, ATRenew, Hemnet, Jahez and Nextdoor.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $693M | $62M | 0.9x | 0.8x | 9.9x | 5.5x | |||
| $105M | $19M | 7.7x | 6.9x | 43.8x | 33.0x | |||
| $412M | $63M | 1.4x | 1.3x | 9.3x | 7.5x | |||
| $498M | ($19M) | 1.7x | 1.7x | (45.9x) | 11.4x | |||
| $799M | $83M | 1.2x | 1.1x | 11.3x | 11.5x | |||
| $1.6B | $90M | 0.5x | 0.5x | 9.7x | 8.6x | |||
| $3.1B | $84M | 0.2x | 0.2x | 8.2x | 6.6x | |||
| $156M | $78M | 4.8x | 5.2x | 9.6x | 11.1x | |||
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Common questions about JOKR
| When was JOKR founded? | JOKR was founded in 2021. |
| Where is JOKR headquartered? | JOKR is headquartered in Luxembourg, Luxembourg. |
| Is JOKR publicly listed? | No, JOKR is a private, VC-backed company. |
| What is JOKR's valuation? | JOKR was last valued at $800M in its Series D in September 2023. |
| How much funding has JOKR raised? | JOKR has raised $550M across 5 funding rounds. |
| What was JOKR's last funding round? | JOKR's last funding round was a $50M Series D in September 2023, led by Activant Capital, Convivialite Ventures, Lombard Odier and Tiger Global. |
| Who are JOKR's investors? | JOKR's investors include G Squared, Tiger Global, HV Capital, Notable Capital, Convivialite Ventures, Balderton Capital, Greycroft, Lombard Odier, Activant Capital and MONASHEES. |
| Which companies are comparable to JOKR? | Companies comparable to JOKR include Benlai, LINE MAN Wongnai, Daki, Ozon, Groupon and Ibotta. |
| How many companies has JOKR acquired? | JOKR has acquired 1 company, including Plaz. |
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