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Online grocery competition to heat up
One of the country’s oldest online grocers just secured a major cash infusion to help it expand its services. FreshDirect has received a $189 million investment, led by JPMorgan Asset Management, that will be used to launch its grocery delivery service in more cities, to expand new business units and incubate others, reported RECode. -
Best Buy to push products from startups
Best Buy hopes to enhance its appeal to customers with innovative products from startups. The consumer electronics giant has launched a program, called Ignite, that will include dedicated store space for products and services from startups, and a new section on the Best Buy web site where customers can browse, learn about, and purchase the newest products from startups.