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GrubMarket raises $50M at $3.5B+ valuation to build AI for the $1 trillion food distribution industry | TechCrunch

U.S. President Donald Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid an uncertain public mood — all of which will inevitably impact the technology sector. On Tuesday, however, food e-commerce startup GrubMarket seemed impervious to these macroeconomic concerns: it announced a new equity round of $50 million at a post-money valuation of over $3.5 billion. The move underscores how some tech businesses are not slowing down their expansion plans despite th...

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