Money

Aussie supermarket giant makes muli-million dollar investment in a start up

Published

5 years ago

April 22, 2021

Supermarket giant Woolworths has made a multi-million dollar investment in Melbourne startup Marketplacer in a bid to compete with the likes of Amazon.

Woolworth’s venture capital arm, W-2-3, made the announcement that will see the supermarket take a minority stake alongside tech safe giant Salesforce

Marketplacer was founded in 2016 and helps users sell their own products and those from third parties.

Woolworths will launch its own Marketplacer offering later this year, which will include Big W products.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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