Convenience store platform
Snappy Shopper raises funds to boost corner shop platform
Snappy team: Mike Callachan, Alan Reid, Mark Steven
A technology firm helping convenience stores cash-in on the growth in online grocery sales has raised a seven-figure sum to fund its expansion throughout the UK.
Snappy Shopper has raised the seed capital from Kelvin Capital, Mercia, the Scottish Investment Bank and the management team.
The investment will support the Dundee company’s ambition to become the UK’s leading online platform for convenience stores and allow it to build its team with the creation of 21 jobs over the next year.
The company says average order value on the platform is £21 compared to an average spend of £6.50 in store.
Snappy Shopper has been launched by the team behind one of Scotland’s web development companies, mtc, whose customers include BrewDog, Umbro, Innis & Gunn, and Macdonald Hotels & Resorts.
Mike Callachan, co-founder and chairman, said: “Consumer behaviour is changing and customers now want delivery ‘on demand’.”
Snappy Shopper is Mercia’s fourth investment in recent months in Scotland following on from Gecko, ClinSpec DX and Invizius.
John McNicol, director at Kelvin Capital, added: “Online shopping and food ordering is undoubtedly on the rise and the team at Snappy Shopper have identified a huge gap in the market.”
DC Consulting provided corporate finance and fundraising advice to Snappy Shopper. Blackadders provided legal advice to the company, while Davidson Chalmers Stewart advised Kelvin Capital, Burness Paull advised Mercia and CMS acted for the Scottish Investment Bank.