Cajoo in a $40 million investment deal backed by Carrefour.

Cajoo, a Paris, France-based startup building an e-commerce business for grocery home delivery, announced completing a $40 million capital funding round.

The money was raised from investors led by the local retailer from France, Carrefour, and including Headline and initial investors Frst and XAnge.

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 says it has around 100k registered users on their app and is active in 10 French cities: Paris, Neuilly-sur-Seine, Levallois-Perret, Boulogne-Billancourt, Lille, Lyon, Toulouse, Bordeaux and Montpellier, supported by 20 dark stores.

The company is one of the many online grocery startups from Europe funded by venture money. It previously raised $7.2 million at the beginning of 2021.