Business
Woolworths set to launch online marketplace after multimillion-dollar investment – Sydney Morning Herald
Supermarket giant Woolworths has made a multimillion-dollar investment in Melbourne startup Marketplacer as part of plans to compete with the likes of Amazon.
Supermarket giant Woolworths has made a multimillion-dollar investment in Melbourne startup Marketplacer as part of its plans to compete with the likes of Amazon through the launch of its own marketplace offering.
Woolworths venture capital arm, W23, announced the investment on Thursday which will see the supermarket take a minority stake in Marketplacer alongside a number of high-profile investors, including tech giant Salesforce and prominent investment firms Endeavour and Acorn Capital.
W23 director Ingrid…
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