The Oberlo veterans taking on Europe’s restaurant supply chain raise €20M
Summary
Lithuanian food marketplace Saltz secures €20M in Series A funding from EBRD, Inovo, and Baltic tech founders, aiming to revolutionize ingredient sourcing for restaurants across Europe. The Next Web highlights the founders' ambitious vision for digital transformation.
Key Insights
What is Oberlo, and who are its veterans in this context?
Oberlo was a dropshipping platform acquired by Shopify in 2017, enabling e-commerce entrepreneurs to source products from suppliers like AliExpress without holding inventory; its veterans refer to experienced former employees or founders now launching Saltz, a Lithuanian food marketplace for restaurant ingredient sourcing.
Sources:
[1]
What does Saltz aim to achieve with the €20M funding?
Saltz, a Lithuanian B2B food marketplace, raised €20M in Series A funding from EBRD, Inovo, and Baltic tech founders to digitize and revolutionize ingredient sourcing and supply chains for restaurants across Europe, addressing inefficiencies through a digital platform.
Sources:
[1]