Talking Retail Grocery and product news for independent retailers
The company, which currently works Nisa, Costcutter, and Londis as well as a large number of independent retailers, attracted more than 340 small investors who offered a total of £173,000.
Grocemania charges retailers nothing, it adds a small mark-up on the products listed and a delivery fee, which reduces as the customer’s shopping basket increases.
Askar Bulegenov, founder and director of Grocemania, said: “We are delighted to announce another successful funding round, with hundreds of new investors joining the business on its exciting journey. Having smashed our funding target will in advance of the deadline, we’ve taken the opportunity to over-fund, which will just help accelerate our growth even more.
“Demand for grocery delivery services has soared during the pandemic, and Grocemania has experienced rapid expansion in this time. With major partnerships with Unilever and PepsiCo now agreed, we are poised for an incredibly exciting future – expect to see Grocemania in many more towns and cities across the UK in the months to come.”
Grocemania’s same-day delivery service currently operates in London, Bristol and Brighton, but expansion into Leeds, Sheffield, Birmingham and Manchester is set to be completed by May 2021.
