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107%
Raised
£377,000
Investors
260
Target
£350,000
Equity
12.41%
Pre-money valuation
£2,660,000

Already the fastest grocery delivery in Ireland, the Buymie app allows consumers to connect personal shoppers who use their own smartphone and car to deliver groceries within an hour. The team includes Ireland Dragon Den’s Eamonn Quinn and Founders behind Kiddicare.com's £70m sale to Morrisons.

  • €400k of investment received so far in 2017, including from Unilever
  • The UK grocery market value is £9bn today, expected to double in 5 yrs
  • 4 revenue channels: commission, retailer fees, data and advertising
  • The company is headquartered in Ireland

Idea

Buymie aims to make online grocery faster and profitable!

The Buymie app allows consumers to connect with a personal shopper who uses their own smartphone and car to pick and deliver groceries in as little as 1 hour, in return for a delivery fee.

The Buymie platform provides a secure data and cashless payment connection between customers and personal shoppers while reducing the cost for retailers to compete online.

Buymie is the fastest grocery delivery service in Ireland, and has achieved this without owning any vans, warehouses or stock.

We secured €400k of investment in 2017 from:

- Unilever Plc, largest FMCG brand manufacturer in the UK

- Eamonn Quinn, Dragon's Den Investor & Grocery Retail Magnate

- Scott Weavers-Wright former CEO of Morrisons.com, 6th most powerful person in UK e-commerce

Worth over £9 billion today, the UK grocery e-commerce market is expected to reach between £16-18 billion in 5 years.

Today, large grocery retailers lose £3-400m annually with existing online services and mainly provide only next day delivery.

However, the consumer is shifting away from individual providers in favour of aggregated on-demand platforms like Buymie, Deliveroo, UberEats, JustEat etc.

Buymie has 4 core revenue channels:

- Commission on deliveries (14.75%) + delivery fees

- Retailer Partnership fees

- DaaS (Data as a Service for Brands, Retailers & others)

- Advertising & Promotion (Brands)

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Buymie has submitted their plans to raise money, details of their structure and trade etc. to HMRC and is awaiting advice on whether the share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax reliefs.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.