Grocery delivery company raises £170k in plans to expand out of London

A London grocery delivery startup has announced that it has raised more than £170k as it aims to fuel its nationwide expansion.

Grocemania, which offers same-day grocery deliveries, has beaten its Seedrs funding target by 73 per cent, hitting £173k after exceeding its £100k goal.

More than 340 investors invested in the funding round, which is expected to fuel its expansion and roll out its services nationwide.

The company said that it has plans to set up shop in cities across the country, including Leeds and Sheffield.

Askar Bulegenov, founder and director of Grocemania, commented: “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 well 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.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →