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Announced

Completed

DST Global led a $300m funding round in Weee.

Financials

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Transaction Value£215m
Consideration TypeCash
Capital Owned-
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

E-commerce

Private

online grocer

Completed

Minority

Cross Border

United States

Acquisition

Private Equity

Venture Capital

Synopsis

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DST Global, an investment company, led a $300m funding round in Weee, a tech startup that offers an online grocery site and app, valuing the company at $2.8bn. The round was joined by Blackstone, Arena Holdings and Tiger Global. The new funds will be used for growing geographically, expanding to new categories and adding products, investing in warehouse automation, front-end development and recruiting new hires to operate the warehouses.

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