Carrefour, Daphni Partner To Launch Venture Capital Fund Focused On Digital Retail Startups

Author: Shivani Kumaresan | April 04, 2022 07:08am

French retail giant Carrefour (OTC:CRRFY) has partnered with European venture capital firm Daphni to launch Dastore, a venture capital fund.
The fund aims to invest in early-stage startups addressing the digital retail space.
The fund will initially invest €80 million by taking minority stakes in high potential emerging startups in France and globally.
The move comes after Carrefour pledged to spend €3 billion between 2022 and 2026 to step up digital expansion, Reuters reported.
The investment will focus on business areas related to Carrefour's digital strategy priorities, such as new e-commerce businesses, data, and digital tools for operations and financial services in retail and logistics and supply chain.
Price Action: CRRFY shares closed at $4.31 on Friday.
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