Snappy Group, the operators behind the fast-growing home delivery app serving convenience stores and the high street, Snappy Shopper, has reported a record-breaking year.
The group achieved year-on-year growth of over 50 per cent, fulfilling over 5.5 million orders across the year, from its network of over 1,800 merchants.
The Dundee-based business was founded by Mike Callachan in 2018 and three years later raised 拢19.4m in investment with investors including former Sainsbury鈥檚 boss Justin King.
Their platform allows convenience stores and corner shops to take advantage of the growth in online grocery sales.
Around 拢150m worth of transactions pass through the platform every year and the startup is on a mission to grow that figure to a 拢1bn a year of annual platform sales.
Latest figures show that Snappy Shopper convenience stores enjoy an average basket size of 拢26 versus 拢7 in-store.
CEO Mike Callachan said: 鈥淪nappy Group鈥檚 results are a clear demonstration of the power of our technology enabling local retailers to participate in the growing arena of Q-commerce.
鈥淲e work closely with our retailers to build their businesses and believe the existing infrastructure of local shops is best placed to serve local communities.
鈥淲e are proud of our sustained year on year growth in a difficult climate. Our repeated success has caught the eye of some of the industry鈥檚 top talent who have now joined our leadership team as we embark on the next phase of our journey.
鈥淲e鈥檙e proud of how far we鈥檝e come in a short space of time but as a management team, we believe this is just the start.
鈥淥ur ambition in the year ahead is to continue to set new records with a focus on growing UK coverage, expanding our digital high street marketplace beyond convenience, piloting a white label of our platform outside the UK and continuing to develop the rich suite of e-commerce and marketing enablement tools that comprise our core offering to local merchants. In other words 鈥� watch this space!鈥�
In addition to its independent retailers, the company serves most of the major convenience store players, including Spar, Nisa, Premier and Booker.
Earlier this year Callachan 聽told 老九品茶Cloud that Scotland needed more unicorns to stem the exit of homegrown talent.
He said: 鈥淚 went to St Andrew鈥檚 University and I believe that outranked both Cambridge and Oxford in a recent league table.
鈥淯ndoubtedly we鈥檝e got exceptional schools, education and emerging talent but the key is we need exciting Scottish companies to retain that talent to allow them to reach their full potential.
鈥淚f they go to Scandinavia, or Europe or the US to fulfil that ambition then Scottish companies will suffer.鈥�