London sustainable veg company receives £3m investment to go nationwide
A London sustainable food company has received a £3m investment to expand its delivery service nationwide.
Oddbox, a sustainable fruit and vegetable delivery company, has announced the £3m funding from the Northern Venture Capital Fund, managed by Mercia.
The company reports that it has achieved more than 400 per cent growth in the past 12 months, which it says is due to “soaring demand” for sustainable shopping options.
The funding will allow it to expand its services beyond London, and further develop its technology, including its ‘personal impact’ dashboard which allows consumers to view the amount of food waste, CO2 emissions and water they have helped to save.
Emilie Vanpoperinghe, co-founder of Oddbox, commented: “We are on a mission to tackle food waste and foster conscious consumerism.
“This investment and support from Mercia will help us expand nationwide, leverage technology to drive behaviour change and support our rapid scale-up.”
Ishaan Chilkoti, from Mercia, said: “Oddbox offers a compelling proposition and a positive social impact.
“The company has been growing incredibly fast and the team have exciting plans for the future.
“We look forward to working with Emilie and Deepak to help them put these into practice.”
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