– Industry veteran Justin King to join tech platform the Snappy Group as Senior Adviser and investor
– Appointment follows the launch of Series A fundraise to continue rapid expansion in the convenience and hospitality sectors
– The Snappy Group is formed of two businesses, Snappy Shopper Ltd and Hungrrr Ltd, operating in the growing UK convenience grocery sector and the hospitality sector respectively
– The Company’s mission is to democratise e-Commerce technology by providing an affordable solution to local businesses enabling them to compete in the fast-growing home delivery market
The Snappy Group (“the Company” or “the Group”), the technology platform that connects consumers with their local businesses, is pleased to announce that Justin King has become a Senior Adviser to the Company and made a significant investment in the business. It is envisaged that Justin will join the Board as Non-Executive Director following the Series A fundraising that has recently been launched.
Justin King, one of the UK’s leading food retailers, was CEO of Sainsbury’s between 2004 and 2014. During this time he led the business through a major turnaround followed by nine years of profit growth. Before joining Sainsbury’s, Justin was Head of Food at Marks & Spencer. He held many high-profile roles in a thirty-year career spanning consumer goods and grocery retailing. Justin is currently a Non-Executive Director of Marks and Spencer and a member of the Public Interest Body of PwC. Justin will bring this wealth of retail understanding and business experience to the Board of the Snappy Group, as the Company seeks to grow the services it provides to local retailers and hospitality organisations.
The Snappy Group’s Series A fundraising will enable the Company to continue its rapid expansion in convenience and hospitality. Participants in the Snappy Group’s initial seed rounds, beside the management team, included Kelvin Capital, Scottish Enterprise and Mercia Asset Management.
Local businesses and communities are at the heart of the Snappy Group’s mission. The Group’s website and proprietary mobile app technology provide local businesses with an affordable, bespoke e-Commerce delivery and Click & Collect solution for local consumers. The Company works in partnership with local businesses to provide an outsourced tech platform, tailored to their specific needs, that can drive significant revenue uplift.
The Group has gone from strength to strength, having grown from 220 business partners in 2019 to 1,150 today with more than 700,000 consumers using the platform across England, Scotland, Wales and Northern Ireland and annualised Gross Merchandise Volume (GMV) approaching £100m for the year ended March 2021.
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