Consumer/Food/News/ 10-minute grocery startup Dija is in acquisition talks with US competitor Gopuff Sources close to the London-based startup confirm that it is negotiating a deal with US delivery company Gopuff. By Amy Lewin 8 July 2021 \Consumer 20 foodtech startups to watch, according to investors By Sadia Nowshin 24 January 2023 Consumer/Food/News/ 10-minute grocery startup Dija is in acquisition talks with US competitor Gopuff Sources close to the London-based startup confirm that it is negotiating a deal with US delivery company Gopuff. By Amy Lewin 8 July 2021 Gopuff, the US delivery app, is in talks to acquire Dija, the London-based 10-minute grocery delivery startup, according to two people close to the conversations. The deal is not yet finalised, but is expected to close in the next week or two. It should be a good exit for the Dija founders, Alberto Menolascina and Yusuf Saban, who only launched the business in London in March of this year and raised $20m in a seed round in December, at around a $100m valuation. For its main investor, London-based VC firm Blossom Capital, the acquisition could also work out nicely if it ends up with shares in Gopuff (valued at $8.9bn in March). Dija declined to comment. Gopuff heads to Europe The acquisition will not be Gopuff’s first in Europe. In May, it agreed to acquire UK-based delivery startup Fancy for an undisclosed amount (speculated to be around $40m), which has dark stores in multiple cities around the country. “Acquiring Fancy is an important first step as we accelerate expansion in the UK and Europe and quickly accelerate our investment in the international market,” said Daniel Folkman, Gopuff’s senior vice-president of business at the time. By acquiring Dija, Gopuff will also take a step into Spain and France, where Dija has several dark stores. Gopuff is currently hiring for several roles in Europe — including recruiters in the UK and Germany, and a UK general manager. According to LinkedIn data, Dija more or less stopped hiring in June, adding just seven people to its team, in comparison to around 40 people in each of the preceding three months. Since 2013, Gopuff has grown to 250+ dark stores in the US, which each stock around 2,500-3,000 items (similar to Dija). If the Dija acquisition goes ahead, it would also have dozens across Europe. A competitive field Gopuff is entering a fiercely competitive field, however. More than €2bn has been invested in online grocery startups in Europe already this year and dozens of competitors are expanding fast. The 10-minute grocery market at the start of July Consolidation is well underway. Last week, Turkey’s Getir acquired Spain’s Blok in order to enter the Spanish, Portuguese and Italian markets. Dija itself acquired a smaller company, Cambridge-based Genie, earlier this year too. Last month, Insider reported that Dija had held sale talks with Gorillas and Gopuff and Bloomberg reported that Dija was in talks with undisclosed parties over an acquisition or a new funding round. Amy Lewin is Sifted’s deputy editor. She covers VC, foodtech and diversity in tech, and tweets from @amyrlewin. Related Articles On-demand delivery unicorn Gorillas rocked by Berlin rider protests By Miriam Partington in Berlin Click here to read more 10 biotech startups to watch, according to investors By Connor Bilboe Click here to read more ‘There was no proof that any good tech could come out of Berlin’: Brunch with Delivery Hero’s former COO By Miriam Partington in Berlin Click here to read more Ride-hailing startup Bolt moves into food delivery By Amy Lewin Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?