Thomas Pocher, an E.Leclerc associate in France, is the originator of the “pedestrian drive-through” format. As Carrefour and Auchan accelerate offers with this format, he looks back at the recent fund raising for quick commerce players.
How do you consider the current fund raisings for Quick Commerce?Thomas Pocher: These fund-raising rounds and associated valuations are massive. Financial markets imagine that we can replace supermarkets and hypermarkets with quick commerce companies (Note: Like Gorillas, Getir or Cajoo), but I am surprised by a lack of commercial pragmatism from financial people.
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