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 £19.4m in investment with investors including former Sainsbury’s boss Justin King.
Their platform allows convenience stores and corner shops to take advantage of the growth in online grocery sales.
Around £150m worth of transactions pass through the platform every year and the startup is on a mission to grow that figure to a £1bn a year of annual platform sales.
Latest figures show that Snappy Shopper convenience stores enjoy an average basket size of £26 versus £7 in-store.
CEO Mike Callachan said: “Snappy Group’s results are a clear demonstration of the power of our technology enabling local retailers to participate in the growing arena of Q-commerce.
“We work closely with our retailers to build their businesses and believe the existing infrastructure of local shops is best placed to serve local communities.
“We 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’s top talent who have now joined our leadership team as we embark on the next phase of our journey.
“We’re proud of how far we’ve come in a short space of time but as a management team, we believe this is just the start.
“Our 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 – watch this space!”
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 told BusinessCloud that Scotland needed more unicorns to stem the exit of homegrown talent.
He said: “I went to St Andrew’s University and I believe that outranked both Cambridge and Oxford in a recent league table.
“Undoubtedly we’ve 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.
“If they go to Scandinavia, or Europe or the US to fulfil that ambition then Scottish companies will suffer.”