Carrefour to invest in digital retail startups with Daphni

Carrefour, Europe's largest grocery retailer, said on Monday that it is investing in digital retail startups as part of a global plan for its e-commerce expansion over the next four years in partnership with venture capital firm Daphni.

The new venture capital fund of Carrefour, Dastore will invest 80 million euros by taking minority stakes in high-potential emerging startups in France and globally to allow Carrefour to stay close to innovations and emerging technologies.

Last November, Carrefour spent €3 billion between 2022 and 2026 to fuel its digital expansion, one of its pillars to stay ahead of Amazon in grocery delivery and accelerate its turnaround.

Carrefour Group’s Executive Director of E-Commerce, Data and Digital Transformation, Elodie Perthuisot has said, “Launching this venture capital vehicle is a huge milestone in our innovation strategy and illustrates our willingness to further develop the links we have with the startup ecosystem. Investing in startups is an opportunity for Carrefour to speed up its own digital transformation.”