Dutch online grocer Picnic raises $388 million from investors, Gates Foundation

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Dutch online grocery store Picnic has raised 355 million euros ($388.02 million) from its investors and plans to further expand in France and Germany, it said in a statement on Tuesday. The company has already opened distribution centres in Hamburg and Berlin in Germany, and in Paris, France. Picnic, which was founded in 2015, said investors taking part in the latest fundraising included The Bill and Melinda Gates Foundation Trust and Germany's largest supermarket group Edeka.
 
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