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Grocedy | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Grants, Accelerator/Incubator
Number of Funding Phases
2
Business Type
Private Company

All you need to know about Grocedy

About Us

Grocedy is a Foodtech platform that collects small payments from users for a monthly essential food subscription.

We operate an online food subscription and delivery service that is tailored to provide on-demand fresh food and grocery items.

The platform offers a diverse range of groceries and food products, catering to individuals with limited financial resources who struggle to afford sufficient food supplies.

This allows people to conveniently purchase products online and have them delivered to their homes at cost-effective prices.

We have 5 unique packages available, containing between 9 and 17 of the most commonly used non-perishable food items, such as Rice, Pasta, Beans, Wheat, Milk, Seasonings, Oil, and more.

Our customers typically save up to 20% on their monthly food expenses, allowing them to allocate those savings towards other necessary expenses rather than accumulating more debt.

Grocedy takes advantage of economies of scale and establishes direct purchasing partnerships with farmers, aggregators, and manufacturers.

We eliminate the need for distributors, wholesalers, and retailers by delivering our products directly to our customers.

We have automated and optimized the collection of tens of thousands of small payments and the verification of fully paid individuals, as well as improving the efficiency of the final delivery process.

Shop intelligently, avoid waiting in lines, and relish the most affordable food prices. Grocedy ensures that grocery shopping is convenient, enjoyable, cost-effective, and gratifying for all.

https://www.grocedy.com/
  • Headquarters: Lagos, Nigeria
  • Year Founded: 2019
  • Employees: 11-200

Our Mission

Our mission is to provide food at the most economical prices. We achieve this by collaborating with manufacturers and local farmers to obtain food at wholesale rates, and then we assist you in saving for them through a monthly subscription service.

Our Core Values

1. People

Our foundation is rooted in people, with a focus on prioritizing the needs of both our internal and external stakeholders.

2. Passion

Our perspective is not pessimistic. When we encounter problems in our daily lives, we view them as opportunities to find solutions.

3. Teamwork

In the same way that words are connected, we recognize that the organization's objective cannot be accomplished in isolation.

4. Integrity

We believe that integrity is the unwavering commitment to honesty and principles. We understand that we are obligated to uphold these principles and will be held accountable for our actions.

Our Products/Services

1. Discounted Grocery Subscription Boxes

Grocedy offers pre-curated boxes containing essential groceries like rice, beans, cooking oil, and other staples delivered monthly at a discounted price compared to individual item purchases.

Below are some of the subscription packages/plans!

  1. Bronze Basket: ₦19,500/month
  2. Silver Basket: ₦36,000/month
  3. Gold Basket: ₦55,000/month
  4. Diamond Basket: ₦88,000/month
  5. 5. Platinum Basket: ₦145,000/month

Services:

  • Mobile App & USSD Ordering: Grocedy provides a user-friendly app (for smartphones) and USSD service (for feature phones) to browse a wide selection of groceries, customize your order, and schedule delivery.
  • Delivery: Grocedy delivers your groceries right to your doorstep, saving you time and effort.
  • Pay-As-You-Go Subscription: Grocedy offers flexibility with a "pay-as-you-go" option for their subscription boxes, allowing you to control your grocery spending.
  • GroceRe (for Nigerians Abroad): Grocedy facilitates sending groceries and gifts directly to loved ones back in Nigeria

Customer Reviews

At least Grocedy made it possible for me to pay as i earned, this is what excites me about Grocedy and the fact that i buy cheaper than the market price.

Emeka

The most interesting thing about using this Grocedy is that I pay as I get money, so it has really helped me a lot.

Shorey

I have 2 growing children, and i used to spend a lot of food. Budget ke? Something that you will use to go to the market and they will tell you things are expensive. Since i subscribed to Grocedy premium, all that wahala has stopped. If i say it's 50k i want to be spending on food, it doesn't change. Let markets be doing the one that concerns them.

Mrs. Oyin Famakinwa

I'm always in the shop, and I don't normally have time to go around buying things. But Grocedy agents bring my foodstuffs to my shop. My wife doesn't have to stress herself, and I'm always sure there will be food on the table. Life is sweet with Grocedy. You people are doing well.

PaPA Emeka
Related Topics


Industry

Iyinoluwa Aboyeji
Lanre Smith

Grocedy
Business Model

The Company major services and product include: Wholesale Food and Beverage Ordering & Delivery

The Company was Founded
The Company was established on
January 2, 2019
HeadQuarters
The Company has its Operational Headquarters at Lagos, Nigeria
Industry
The Company is contributing to the development of the Industry E-Commerce, Supply Chain Management
Staff Strength since Inception
The Company prides in her team member of about 101 - 500 active members

Grocedy Business Model

The Company major services and product include: Wholesale Food and Beverage Ordering & Delivery

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
What is the company's Networth
Company Net worth as of 2023

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