Ultra-fast delivery start-up Kavall raises 50 mln SEK in funding round

VNV Global AB (publ)

09/08/2021 06:00

STOCKHOLM, Aug 9 (Reuters) - Swedish startup grocery
delivery firm Kavall said on Monday it had raised 50 million
Swedish crowns ($5.79 million) in a fresh funding round, with
the money to be used to finance expansion.
    Kavall, which promises to deliver a range of foods and
staples within 10 minutes from an order being placed on its app,
said the investment had come from among others, Stockholm-based
VNV Global and Inbox Capital.
    Kavall was founded in May 2021, with its first operation
opening in the Vasastan district of Stockholm.

($1 = 8.6345 Swedish crowns)

 (Reporting by Simon Johnson; editing by Colm Fulton)
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