Buymie Technologies
Latest round
- Series A
Last raised
- Jun 2020
Total raised
- $10M
Investors
- 8
About Buymie Technologies
Founded in 2015, Buymie Technologies Limited is based in Dublin, Ireland, and operates primarily in the grocery delivery sector. The company was co-founded by Artavazd Sokhikyan and Devan Hughes, who also serves as the CEO.Buymie offers a same-day grocery delivery service that allows customers to order groceries through its mobile application. The core product of Buymie is its grocery delivery service, which provides users access to a selection of approximately 40,000 products from retail partner Dunnes Stores. Users can browse through various grocery categories, select their desired items, and have them picked, packed, and delivered to their doorstep within an hour. The service is designed to address common consumer pain points, such as the need for fresh produce and timely delivery of grocery items. Buymie's target customers include busy individuals and families who value convenience and speed in their grocery shopping.Buymie's revenue generation model is predicated on transaction-based sales through its grocery delivery services, where customers place orders via the app and pay for selected items along with a delivery fee. The pricing structure may include free delivery for first-time users, which incentivizes new customer acquisition. Repeat customers are likely to engage in direct-to-consumer transactions, purchasing groceries on demand while benefiting from the convenience of a rapid delivery time frame. Each transaction generates revenue from both the products sold and delivery fees, contributing to the company's overall financial performance.Buymie's strategic growth plans include expanding its grocery delivery service into new markets, specifically targeting the UK and EU by the end of 2023. The company is also focused on enhancing its product offerings and optimizing the delivery process to improve customer satisfaction as it prepares to enter these new markets.
Who invested in Buymie Technologies
8 investors across 4 rounds
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Questions about Buymie Technologies
Who invested in Buymie Technologies?
Buymie Technologies has 8 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Buymie Technologies raised?
Buymie Technologies has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Buymie Technologies last raise money?
Buymie Technologies's most recent round on record is a Series A, in Jun 2020.
What does Buymie Technologies do?
Founded in 2015, Buymie Technologies Limited is based in Dublin, Ireland, and operates primarily in the grocery delivery sector.
Where is Buymie Technologies headquartered?
Buymie Technologies is headquartered in Dublin, Ireland.
Which VCs invest in companies like Buymie Technologies?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Buymie Technologies's stage. Their profiles are linked below.
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