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July 29, 2022

Gorillas on track to raise $250m at reduced valuation: report

The embattled speedy grocery company has been trying to raise money for months


Inside a Gorillas dark store

Gorillas is set to raise $250m in funding from existing investors at a reduced valuation, Business Insider reported Friday. Two people with knowledge of the negotiations also confirmed to Sifted that it has ended work with JP Morgan, the investment bank that the scaleup commissioned to help find new funding sources or secure a buyer. 

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Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

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