Sure Ventures PLC - Investment in Buymie
Investment in Buymie
Buymie has created a platform using Artificial Intelligence technology, that enables consumers to access multiple large grocery retailers and receive short notice delivery to their chosen destination in as little as an hour. They have entered into a multi-year partnership agreement with
The current COVID-19 situation has led to a significant demand for online grocery shopping that has been hard for supermarkets to fulfil and highlights the fact that their distribution models cannot cope currently with the significant increase in demand. The Buymie model is designed to scale, with a network of hundreds of independent shoppers and this scale can be achieved in a matter of weeks rather than months. The deal with Lidl and the current "lockdown" situation has seen a 300% uplift in downloads. New customers will continue to have access to the convenience that Buymie provides long after the "lockdown" scenario comes to an end.
Buymie has raised
"This is a very exciting investment, regardless of the strength in demand created by the current COVID19 scenario. Recent consumer trends have centred around convenience and efficiency, especially when completing everyday tasks we would rather avoid. The money raised will help Buymie scale up their offering and provide a pathway to international markets".
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