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GrubMarket raises $50M at $3.5B+ valuation to build AI for the $1 trillion food distribution industry
GrubMarket raised $50 million at a $3.5 billion+ valuation to develop AI for the $1 trillion food distribution industry. The company, which connects consumers with local fresh produce, plans to use the funding to improve customer business management through AI and make acquisitions. GrubMarket is on track to generate $2.4 billion in revenue this year and is profitable on an EBITDA basis.
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