Acquisition is the company’s first since announcing $315 million Series D funding
FREMONT, Calif., Oct. 21, 2021 /PRNewswire/ — Weee! (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. The move will bolster Weee!’s growing demands of customers nationwide seeking diverse and authentic food-at-home options, from groceries to restaurant meals.
Weee! continues to scale to meet increased consumer interest in its unique online grocery and restaurant delivery service; one that combines the availability of high-quality and hard-to-find products with community and social sharing. With the RICEPO acquisition, Weee! will immediately expand its restaurant delivery offering, bringing another dimension of ethnic food delivery to its customers.
"We are excited to welcome RICEPO into our growing operations," said Larry Liu, chief executive officer and founder of Weee!. "Weee! currently partners with over 300 restaurants, and the addition of RICEPO will let us continue to delight and serve our growing customer base as a one-stop shop for delicious food at home."
"RICEPO will complement Weee!’s proven ability to deliver fresh grocery products as well as locally prepared food," said Dax Li, chief executive officer and co-founder of RICEPO. "There is a clear appetite for delivery from authentic restaurants that are often missing or overlooked within the existing food delivery experience, and we look forward to fulfilling this need throughout North America."
Weee! has fulfilled more than 10 million orders to date as it continues to engage the broader Asian and Hispanic communities with state-of-the-art personalization and social commerce features. Weee! merchandise is meticulously sourced and includes rare and often exclusive products such as fresh Pacific black cod from Half Moon Bay, Kyoho grapes, and air-flown Hokkaido uni.
RICEPO is the leading mobile ordering platform for authentic Asian food in the United States and Europe. Founded in New York and headquartered in Silicon Valley, RICEPO is available on iOS and Android featuring thousands of authentic Asian restaurant partners.
About Weee! Inc.
Weee! was founded in 2015 with the belief that quality, freshness, and accessibility shouldn’t ever be compromised when it comes to food. Loved and recognized as a trusted household brand among underserved communities, Weee! makes convenient and affordable access to specialty products and everyday essentials possible. Products are guaranteed to be delivered at peak freshness and priced lower than or comparable to offline stores. No subscription is required to shop and next-day delivery is free with a low order minimum. 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," "may," "ongoing," "plan," "potential," "predict," "project," "strive," "will" or similar words or phrases, or the negatives of those words or phrases, may 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, but are not limited to, statements regarding our disclosure concerning the Company’s operations, cash flows, financial position and dividend policy.
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