We are delighted to congratulate one of our long-term clients on raising a $25 million Series A investment led by Alimentation Couche-Tard, the Canadian company that owns Circle K.
“By bringing the retail expertise of our investors, we will be able to significantly improve the unit economics by reducing the purchase costs of goods and marketing costs. This is a unique opportunity to stand out from competitors in the grocery delivery market. Moreover, our AI-based algorithms analyze the users’ purchases to increase the retention of each customer,” said Food Rocket founder and CEO Vitaly Alexandrov.
Our team and Food Rocket have been working hard to create a great highly user-friendly mobile app. FoodRocket is a new service that offers clients a fast delivery of fresh groceries in 15 min or less. The service is available in San Francisco. Please read the case page if you want to know more about the project.