Cajoo announced raising €6 million in a round backed by Frst and XAnge.

Cajoo, a Paris, France-based startup building an e-commerce business for grocery home delivery, announced that it raised a €6 million ($7.2M) capital investment round.

The money was raised from investors from France, led by Frst and XAnge, and includes contributions from a range of local angel investors. The fundraising announcement was made as the company just launched its service availability in Paris - proceeds will be used as the company aims to grow very quickly by offering its service throughout Paris within a few months.

Cajoo, founded in 2020 by CEO Henri Capoul, Guillaume Luscan and Jérémy Gotteland, is working for building an e-commerce business via a mobile app that gives users access to fast on-demand delivery services.

The company is one of the many online grocery startups from Europe funded by venture money and says that it intends to develop a network of owned mini-warehouses in cities in order to be as close as possible to its customers.