Tesco teams up with international grocery giants on start-up investment fund
British supermarket Tesco has teamed up with grocery giants from around the world on a five-year, $125m (£98.9m) venture capital fund designed to “accelerate innovation”.
The W23 Global fund is a collaborative partnership between Tesco, Ahold Delhaize, Woolworths Group, Sobeys and Shoprite in Africa with the aim of funding “the world’s most innovative start-ups and scale-ups with the potential to transform grocery retail and address the sector’s sustainability challenges”.
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