E-commerce pioneer Wenzel launches ‘Amazon on steroids’
By Douglas Busvine
BERLIN (Reuters) -German entrepreneur Ralf Wenzel, beforehand of Delivery Hero and Softbank, is launching a world quick provide retail platform, coming right into a space that is attracting huge funding and experiencing explosive growth.
The startup, referred to as Jokr, is backed by enterprise capitalists HV Capital, Tiger Global and Softbank, and might objective to ship quite a lot of merchandise from “hyperlocal” warehouses inside quarter-hour of an order being positioned by means of a smartphone app.
Jokr is already dwell in Mexico City, Lima and Sao Paolo, whereas New York and Bogota will observe ahead of rollouts all through Europe and Latin America.
“We are establishing an Amazon on steroids,” Wenzel knowledgeable Reuters in an interview on Thursday.
“It’s not merely consolation on …