Beelivery, which claims to have been incorporated in 2015 as the first rapid grocery service in the UK, has acquired Pinga which operates via 600 London-based low-emission drivers and riders. Beelivery says it is on the hunt for further M&A opportunities too.
Beelivery connects independent drivers with customers from all over the UK who need last-minute groceries or top-up shops. The nearby driver then shops on behalf of the customer and delivers the requested items to their home, on-demand, in as little as 15 minutes, 24 hours a day, 7 days a week. Beelivery says it has been achieving an average delivery time of 46 minutes, with 21% of orders delivered in under 25 minutes.
Beelivery will add more than 5,000 customers, in addition to the 600 drivers and couriers, as a result of the Pinga acquisition. Beelivery will also look at continuing to offer delivery of Boots the Chemist’s range of products previously sold via Pinga.
Beelivery’s joint CEO and co-founder Yazan Bin Mohamed, said: “This acquisition enables Beelivery to leverage the driver capacity and loyal customers of Pinga in Central London and extend our lead in this competitive market. The company is now exploring further M&A deals, and in particular we are now open towards further strategic alignment with our closest competitors. We are open towards mergers or strategic acquisition in the UK or Worldwide while we are raising our £25 million round. ”
