The Guardian
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eFresh, An Online Market For Fresh Produce, Gets €4.25 Million

eFresh, a Holland-based sales portal linking buyers and sellers of “fresh produce” (vegetables, eggs, meat, etc) has raised €4.25 million from Rabobank, an agri-centric coop bank, after earlier scoring private investment funds (via TechCrunch). Like an eBay (NSDQ: EBAY) for food, eFresh lets producers sell goods, but, unlike the auction site, there’s no commission; a “market maker” service costs €69 a month and gives sellers a human helping hand targeting buyers around the world.

It’s questionable whether, in these days of highly-stocked convenience supermarkets, individual consumers would use eFresh over, say, their local Tesco. But then, eFresh is of more use to produce buyers (say, restaurants or grocers), operating as a B2B marketplace, also offering daily international news on production yield and other issues affecting dairy, coffee and the other categories. Is tulip mania here again?

Jan 8, 2009 12:08 PM ET
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Posted In: Money, M&A & Venture Capital, Venture Capital, Countries, Europe, Holland, efresh, rabobank

  • Interesting idea.  I guess produce would be one of the harder types of goods to set up an online marketplace for due to its shorter shelf life, but it could be good to create a more efficient dynamic pricing at a wholesale level.

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