Acquisition is Company’s First Since Announcing $ 315 Million Series D Funding
Posted: October 21, 2021 at 10:00 a.m. EDT|Update: 26 minutes ago
FREMONT, California, 21 October 2021 / PRNewswire / – Phew! (www.sayweee.com), the largest and fastest growing ethnic e-grocer in North America, today announced the acquisition of RICEPO, an online Asian food delivery company. This decision will reinforce the growing demands of Weee! customers across the country looking for diverse and authentic home dining options, from groceries to dining out.
Pee ! continues to expand to meet increased consumer interest in its unique online grocery and restaurant delivery service; one that combines the availability of high-quality, hard-to-find products with community and social sharing. With the acquisition of RICEPO, Weee! will immediately expand its restaurant delivery offering, bringing another dimension of ethnic food delivery to its customers.
“We are delighted to welcome RICEPO to our growth operations,” said Larry liu, CEO and Founder of Weee !. “Weee! Is currently a partner of over 300 restaurants, and the addition of RICEPO will allow us to continue to delight and serve our growing customer base as a one-stop-shop for delicious home-cooked meals.”
“RICEPO will complement Weee’s proven capability! to deliver fresh groceries as well as locally prepared foods, ”said Dax li, CEO and co-founder of RICEPO. “There is a clear appetite for authentic restaurant delivery that is often missing or overlooked in the existing food delivery experience, and we look forward to meeting that need throughout. North America. “
Pee ! has fulfilled over 10 million orders to date while continuing to engage the wider Asian and Hispanic communities with cutting-edge personalization and social commerce features. Pee ! merchandise is meticulously sourced and includes rare and often exclusive products such as fresh Pacific black cod from Half moon bay, Kyoho grapes and Hokkaido United.
RICEPO is the leading mobile ordering platform for authentic Asian cuisine in United States and Europe. Founded in new York and based in Silicon Valley, RICEPO is available on iOS and Android with thousands of authentic Asian restaurant partners.
About Weee! Inc.
Pee ! was founded in 2015 with the belief that quality, freshness and affordability should never be compromised when it comes to food. Loved and recognized as a trusted domestic brand among underserved communities, Weee! enables convenient and affordable access to specialty products and everyday essentials. Products are guaranteed to be delivered at optimum freshness and at lower or comparable prices to offline stores. No subscription is required to shop and next day delivery is free with a low minimum order. The company continues to redefine online grocery shopping by leveraging social e-commerce and proprietary forecasting technology.
This announcement contains forward-looking statements. Forward-looking statements provide our current expectations or forecasts of future events. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”, “might”, “in progress”, “plan”, ” potential “,” predict “,” project “,” strive “,” will “or similar words or expressions, or the negative aspects of such words or expressions, can identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Examples of forward-looking statements in this announcement include, without limitation, statements regarding our disclosure regarding the Company’s operations, cash flows, financial condition and the dividend policy.
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