FreshDirect to boost manufacturing capacity

FreshDirect, a New York-based online grocer offering the Just FreshDirect and Cloud 9 food and non-food private brands, respectively, said it received $189 million in additional funding, according to an article posted on Techcrunch.com. J.P. Morgan Asset Management led this round of funding, with AARP Innovation Fund and W Capital Partners also investing, the article stated.

This latest infusion of funding will help strengthen FreshDirect’s manufacturing capacity and “open up some new geographies,” Jason Ackerman, the company’s founder and CEO, is quoted as saying.

To read the article, visit https://techcrunch.com/2016/09/26/freshdirect-raises-189-million-for-grocery-delivery.