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La Belle Vie Raises $28 Million For Its Online Supermarket | Online Grocery Store Development
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Various grocery startups around the world are blooming with the help of online grocery store development. According to research by Statista, in 2017, the Drive (picking up online-ordered goods at a car collecting point) generated 3.8 billion euros in income in France, with revenue predicted to rise to 4.7 billion euros in 2020 and potentially 5.5 billion euros in 2025.
La Belle Vie, a French business, announced the completion of a $28.2 million (€25 million) Series B round headed by Left Lane and Quadrille Capital, with current investor Capagro also participating. In the Paris area, the company runs a web-based food store.
Online grocery delivery has become such a crowded space. In Paris alone, there are so many online grocery service providers like Gorilla, Cajoos, Flink, Zapp, GoPuff, and many more. However, La Belle Vie has been going strong since 2015. It has a wide range of skills in logistics, inventory management, and unit economics.
Also, read – How Much Does It Cost To Develop App Like GoPuff?
In this blog, you will get to know how La Belle Vie raised $28 million for its own supermarket by starting with online grocery store development.
The News
Fresh produce, such as vegetables, fruits, meat, fish, and cheese, were at the heart of La Belle Vie’s beginnings. Anything you’d find in a local outdoor food market might be ordered. And it’s true that supermarket corporations’ internet ordering services have frequently overlooked this sector.
La Belle Vie’s product line, with the help of online grocery store development, has grown over time to include packaged foods and many of the items found in a supermarket. Système U and the corporation have formed a collaboration.
La Belle Vie currently has 17,000 products, including 4,000 distinct fresh items. In the Ile-de-France region, the organisation may deliver your order in less than 3 hours. It employs 500 people and fulfils 15,000 orders per week.
The company has previously raised a $6.2 million (€5.5 million) round in 2018 and a $13.1 million (€11.6 million) round in 2020, prior to today’s investment round. The startup’s next step is to expand to other major French cities.
About Online Grocery Store Development
The recent covid-19 outbreak was a catalyst for increased demand for these services. Every industry, including retail, healthcare, production, and management, aims to improve the online purchasing experience by delivering better customer service.
Amazon Fresh, Peapod, Big Basket, and others are some of the most popular grocery applications on the market. These services are growing in popularity since they save consumers time and effort by providing them with a comfortable facility.
Not only have food delivery businesses, but also grocery delivery services benefited from the on-demand economy. Currently, the Walmart Grocery app holds the top spot among shopping applications in the United States, setting a new record. However, because today’s individuals have such hectic schedules, convenience is preferred. As a result, consumers may order goods online and have them delivered right to their door.
But here’s the thing: if the apps that provide online grocery delivery fail to please customers with their services, their online business will suffer significantly. As a result, online grocery store development businesses must be aware of the grocery online service’s objective, client expectations, and the obstacles they must overcome.
Here are some reasons why online grocery store development will be beneficial for your business:
- Having a facility to track everything
- Suitable payment choices
- It helps in gaining customer trust and loyalty
- Helps in getting a better understanding of customer behaviour
- Helps with a smart admin panel for managing the store in the best way.
Wrap Up
In the instant grocery delivery industry, there’s a large question mark. What if venture capital firms quit backing large funding rounds, such as Flink’s recent $750 million round? It’s difficult to say whether clients will stick around once the promo codes run out and the service quality deteriorates. La Belle Vie has a better understanding of its consumer base and future success because of its methodical approach.
If you are planning to launch your online grocery delivery business with fantastic strategies, you have come to the right place. Get affordable online grocery store development services at Apptunix!
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Lively and spirited. You may call me a tech-geek. I like to explore latest advancements in the technical areas and develop case studies. Being a computer science graduate, I like to traverse through the technical platforms as well. You can find me understanding or playing with the latest technology.
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