Weee!

History

2021: Raising $315 million in investments, including from DST Global

At the end of March 2021, Weee's fresh Asian food delivery service! raised $315 million during a series of investments led by the Yuri MilneradST Global Fund. Among the new investors are funds managed by Blackstone, Arena Holdings and Tiger Global.

The company intends to use the funds received to enter new markets, create the most efficient technologies for fulfilling orders, expand the range of products, attract employees and invest in the development of modern technologies in the Asian and Spanish-speaking regions.

Ethnic communities are ignored in online space and retail. We believe that we should give these fast-growing communities access to interesting and inexpensive products, "said Weee's founder and CEO! Larry Liu.

DST Global Yuri Milner and other funds have invested in Weee's fresh food delivery service!

Weee! was founded in 2015 and soon became a recognized brand, trusted and popular among low-income ethnic communities in the United States. The service provides convenient and inexpensive access to specialized products and essentials. You do not need a subscription to make purchases in this service, and delivery is free the next day when the minimum order price is reached. At the same time, the company delivers fresh products at prices lower or comparable to offline stores.

Although groceries remain the smallest retail segment in e-commerce, the product market for ethnic customers is expected to grow to $464 million by 2031. Current Weee Range! includes traditional ingredients needed to prepare Asian and Latin American cuisine, and serves 14 key regions of the United States. By 2024, the company plans to expand its network to 30 cities throughout North America.^[1]

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