Rapid grocery delivery firm buymie raises €7m

Rapid grocery delivery firm buymie has raised €7 million in its latest funding round.

The Dublin-based start-up, founded in 2016, offers consumers same day grocery deliveries via its service.

buymie said it is now available to 2 million households across Dublin, Limerick, Cork, and Galway as well as Leeds and Bristol in the UK.

The fundraising comes after buymie recently formed a partnership with Asda to launch its service in Leeds and Bristol in March 2022.

The firm said the new capital will be used for market expansion in Ireland and the UK, and that 200 other cities are currently being considered for its rollout.

Participants in the round included Grosvenor Food and AgTech, Act Venture Capital, Sure Valley Ventures, Haatch Ventures, and HBAN.

The announcement comes as investment in the rapid delivery space more broadly shows no signs of slowing down.

In March, it was reported that rapid delivery start-up Getir is looking to raise $800 million in its latest funding round.

The fundraising brings buymie’s total funding to date to €18.2 million.

“This latest round of funding follows the successful launch of our newest retail partnership with Asda across multiple cities in the UK,” said Devan Hughes, chief executive and co-founder at buymie. “This capital will allow the business to continue its focus on developing best in class technology while helping our retail partners transform their online and in-store capabilities to better serve their customers and unlock growth opportunities.”

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