Mercato, an e-commerce platform that helps independent grocery retailers and specialty food stores deliver online orders, has raised $26 million in a funding round.
The company has seen huge growth since the start of the Covid-19 pandemic as grocer and food retailers have surged in demand. Last year, Mercato’s merchant sales rose 1,300%–and Mercato expects to double that this year, Progressive Grocer reported.
Mercato currently connects consumers to more than 1,000 specialty food retailers and small grocers in 45 states. More than 400 specialty grocers and market halls were added to the platform in 2020.
Source: Retailleader
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