Japan's Aeon leads $111m Series D in US-based grocery provider Boxed

Japan's Aeon leads $111m Series D in US-based grocery provider Boxed

Groceries in a shopping cart move through a food aisle at the Tesco Basildon Pitsea Extra supermarket, operated by Tesco Plc, in Basildon, U.K., on Tuesday, Dec. 1, 2015. Many European food retailers are coming to terms with persistently low inflation as well as consumers who remain frugal yet purchase food more frequently. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Aeon Co. Ltd, Japan’s largest retailer by sales and one of the nation’s largest grocers, has led an $111-million Series D funding round in Boxed, a US-based company that delivers bulk-sized groceries, the companies said in a statement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter