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Amazon Has Now Changed the Grocery Biz; Rivals Stocking Up on E-Startups

Boxed announced that it had sold a minority stake to Aeon Group, one of the largest retail chains in Japan. Alongside investors including Alpha Square Group and CDIB Capital, Aeon invested $110 million in Boxed. The deal values the start-up at $600 million, according to a person familiar with the agreement.

New York Times

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