JOKR / Daki

Q-commerce / grocery deliveryBrazil
βœ‚οΈ Markdown
PeakΒ $1.2 BillionToday
~-33%
from peak
  1. πŸ¦„
    Became a unicorn
    2021
  2. πŸ“ˆ
    Peak valuation
    $1.2 Billion ’21
  3. πŸ’”
    Became a Unitard
    Sep 2023
  4. πŸ’Έ
    Last valuation
    ~$804M
Current status
Down-round to $800M (Sept 2023); Brazil-focused

How it happened

JOKR launched as an ultra-fast grocery delivery service and hit a $1.2B valuation in December 2021. As ten-minute-delivery economics unraveled, it exited the US, Europe, Colombia and Chile to focus on Brazil under the Daki brand, and a September 2023 down-round cut its valuation to $800M β€” back below unicorn status. Glassdoor reviews from the retreat years read surprisingly warm: ex-staff praised their teams even while describing the market withdrawals, constantly shifting plans and general disorganization β€” and several former employees concluded on their own that instant delivery simply never penciled out.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: Exited US/Europe; rebranded Daki in Brazil

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