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GrubMarket acquires Global Produce to expand reach

GrubMarket acquires Global Produce to expand reach
GrubMarket acquires Global Produce to expand reach

GrubMarket, a San Francisco-based AI-powered food supply chain tech company, has acquired Global Produce, based in Cape Town, South Africa.

While the deal amount remains undisclosed, the acquisition enables GrubMarket to expand into South Africa and bolster its global presence.

With this move, GrubMarket aims to strengthen its market position and work closely with African farmers via Global Produce’s extensive operations across multiple continents.

CEO Mike Xu highlighted the importance of this acquisition, noting Global Produce's reach in over 40 countries and its diverse supplier base that supports local farmers throughout Africa.

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