Home delivery platform Snappy Shopper has raised a seven-figure sum from existing investors in a fresh round of funding that will finance the company’s growth and expansion of its core technology.
The investment – from Highland Technology, Kelvin Capital and Scottish Enterprise – is intended to help the business capture consumer demand by enabling existing local convenience stores to offer a profitable, quick commerce service using the platform’s technology.
Snappy Shopper has achieved triple-digit average annual revenue growth since its inception.
Niall Santamaria, Chief Investment Officer at Highland Technology said: “Snappy Shopper’s business model sets them apart from their rivals who rely on expensive site leases and fit-outs, holding of inventory and logistics processes, to compete with convenience store retailers.
“Instead, Snappy partners with thousands of small business owners who have been serving their communities for years, if not generations, and enable them to not only serve their customers better but grow their own businesses.”
Kerry Sharp, Director of Entrepreneurship and Investment at Scottish Enterprise, added: “Snappy Shopper has become an established name in communities across Scotland, and is an excellent example of how e-commerce can work in partnership with local retailers to the benefit of customers.”
