US internet grocer Peapod says it has bagged a cash injection from an unidentified source. The company said in March it was down to its last $3m after a consortium of investors withdrew their offer of $120m in much needed investment. This questioned the company's future ­ not helped by the resignation of ceo Bill Malloy. Peapod is said to be seeking to recover a $2.5m loan to Malloy. Analysts say Peapod's instore picking process is unattractive to investors. It has only just begun to switch to centralised picking ­ a process already used for some time by its ten competitors. And sources say major partners, such as Stop & Shop, are looking at other ways to get products online. {{NEWS }}