Slingshot Shakes. A complete breakfast.
Lactose-Free Bries
Boxed Reportedly Rejects Kroger's $400 Million Offer

Boxed Reportedly Rejects Kroger's $400 Million Offer

Friday, March 9th, 2018

It looks like wholesale retailer Boxed is still on the market, having reportedly walked away from Kroger’s $400 million acquisition offer. Despite multi-million dollar dreams painting a new arm to Kroger’s amplified e-commerce efforts, Bloomberg said recently that the would-be subsidiary will instead pursue a new funding round to remain private.


As of Friday, Boxed has raised about $165 million, according to TechCrunch, primarily from Bessemer Venture Partners, GGV Capital, Greycroft Partners, First Round Capital, and others. The company is reportedly valued at $470 million.

The decision to walk away from Kroger was made during a Boxed board vote last week, the unidentified person told Bloomberg. As reported by the news source, Amazon, Target, and Costco also launched preliminary acquisition talks with the retailer, but Kroger was the only company to submit a bid.


In the article, Bloomberg also noted that Boxed Chief Executive Officer Chieh Huang has previously said he wants to remain independent and eventually go public.

Will Kroger return with yet another bid despite the proposed plan Boxed has reportedly set? Deli Market News will report as updates are made known.


Slingshot Shakes. A complete breakfast.Lactose-Free Bries

Have a new product, press release or story idea?

Let us know

In This Story

The Kroger Co. spans many states with store formats that include grocery and multi-department stores, convenience stores and mall jewelry stores. We operate under nearly two dozen banners, all of...

Shop the products you love in bulk, delivered to your door with no membership fees.

Chukar Cherries Wins Gourmet Food of the Year at Las Vegas Market

Original Assortment named Best in Category at 2019 Housewares Design Awards.
View Press Release

Time to Explore a Whole New Organic Look and Brand-New Range for Explore Cuisine at Expo West 2019

The innovative organic pasta brand creates a new Risoni category for rice-lovers seeking a better-for-you option that is high in protein and a good source of fiber.
View Press Release

NJ's Pereg Natural Foods Pushes The (Resealable) Envelope Again With 3 New Varieties of Crispy, All-Natural Bread Crumbs

They join a crunchy family that includes Classic, American, Viennese, Mexican, and Italian Fine Bread Crumbs and their Japanese cousins Spicy Panko, Coarse Panko, and Fine Panko.
View Press Release