- French retail giant Carrefour CRRFY has partnered with European venture capital firm Daphni to launch Dastore, a venture capital fund.
- The fund aims to invest in early-stage startups addressing the digital retail space.
- The fund will initially invest €80 million by taking minority stakes in high potential emerging startups in France and globally.
- The move comes after Carrefour pledged to spend €3 billion between 2022 and 2026 to step up digital expansion, Reuters reported.
- The investment will focus on business areas related to Carrefour's digital strategy priorities, such as new e-commerce businesses, data, and digital tools for operations and financial services in retail and logistics and supply chain.
- Price Action: CRRFY shares closed at $4.31 on Friday.
- Photo via Wikimedia Commons
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