Weezy secures £15M funding, UK-based 15-min local delivery startup all set to combat Amazon Prime services
UK-based Weezy is a leading on-demand superfast supermarket that delivers groceries in just 15 minutes. The company just announced that it grabbed Series A funding. This news comes after a year of shaking up the home-delivery market with Amazon’s Prime service offering free delivery on grocery orders of £40 or more, and smaller platforms such as Farmdrop seeing huge increases in custom.
Eyes to expand grocery delivery service
Weezy just announced that it secured $20M (nearly £14.6M) Series A funding led by New York-based VC fund Left Lane Capital. The other investors that took part in the funding round are UK-based fund DN Capital and existing investors Heartcore Capital and angel investor Chris Muhr, the Groupon founder. The investment will be used to expand its grocery delivery service in London and the UK. Also, the company will use the funding to expand its UK team to 50 employees over the next four months in addition to extra fulfilment centre staff.
Notably, Weezy is opening two fulfilment centres in Lambeth and London Fields this month. It will add to the existing locations including Battersea, Clapham, Fulham and Chelsea. Besides, the company is in plans to open 40 more UK sites by the end of 2021.
Kristof Van Beveren, Co-founder and CEO of Weezy, said: “Weezy customers love the friendliness of our team, the quality of our produce, and our quick, accurate delivery times. This new funding round will allow us to expand the team and our footprint to bring Weezy to more customers across the UK.”
Harley Miller, Managing Partner, Left Lane Capital, commented: “Weezy’s founding team have the right balance of drive, experience and temperament to lead in e-commerce innovation and convenience within the UK grocery market and beyond. It is an honor to partner with them on this journey and help them solidify their first-mover advantage in London.”
Nenad Marovac, Founder and Managing Partner, DN Capital, said: “Even before the pandemic, interest in online grocery shopping was on the rise. The first time I ordered from Weezy, my delivery arrived in seven minutes and I was hooked. There is a need for fresh, visionary ideas to shake up this space and the team at Weezy is doing just that. I’m excited for the next stage of this dynamic company.”
Grocery delivery in 15 minutes!
Weezy helps busy householders to shop for groceries quickly and has proved to be a lifeline for all age groups during the coronavirus pandemic. The popularity of online grocery delivery has accelerated since early 2020; in Q2 2020 alone, half a million new shoppers were added to the grocery delivery sector, which is now worth £14.3bn in the UK.
Since its launch in July 2020, Weezy has delivered fresh produce and household items to thousands of customers in less than 15 minutes on an average using pedal cycles or electric mopeds.
Growth in grocery delivery
Grocery delivery startup Weezy helps busy householders to shop for groceries quickly and has proved to be a lifeline for all age groups during the coronavirus pandemic. During the pandemic crisis, the popularity of online grocery delivery has accelerated since early 2020, especially in Q2 2020, half a million new shoppers were added to the grocery delivery sector worth £14.3B in the UK.