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SoftBank-backed grocery startup Oda lays off 150, resets focus on Norway and Sweden

Posted on AllSides June 5th, 2024
From The Center

It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to focus on just two markets, its homebase and Sweden, the homebase of Mathem, an online grocery that Oda merged with last year. Oda, which has raised hundreds of millions of dollars and was once valued as high as $900 million in a round led by SoftBank in its Vision Fund investment heyday, now says its aim is to become profitable...

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