Orders get shopped on-demand allowing us to operate without any inventory. We create new sales opportunities for local markets and solve the recurring pain of today’s inconvenient and time intensive grocery shopping.
Current Status
* 30k products live within an assortment from Rewe, Aldi, Budnikowsky & more
* 7k € MRR growing Ø 10% week over week since launch in April 20
* 720€ Annual revenue per customer on 43% returning customers
* 2 month to break even customer on 25 CAC
Market
Early adopters as 40+ Woman (Best Ager) in DE having the characteristics of high buying power, growing online affinity while facing limited mobility.
22,5 Mio. Females buyers >40 years in Germany 2018
Market: DE Online Grocery tripling to 3,8 €Bn till 2023, growing 5x than grocery retail market of 274 €Bn
Problem or Opportunity
Today’s grocery shopping experience in DE is inconvenient and time intensive. Despite a huge trend towards online shopping, most traditional supermarkets are unable to digitalise due to high upfront tech investments and lack of end customer logistics.
Market: DE Online Grocery tripling to 3,8 €Bn till 2023, growing 5x than grocery retail market of 274 €Bn
Solution (product or service)
Pickery is Germany’s first and only grocery order platform that delivers from multiple known supermarkets.
Orders get shopped on-demand allowing us to operate without any inventory and create new sales opportunities for local markets.
Competitors
Local competitors: Rewe, Amazon Fresh, myTime, Picnic
Global competitors: Instacart, Postmates, Glovo
Advantages or differentiators
With >20k products on our order platform we are the only service to deliver products from multiple stores on demand in Germany.
We provide the highest variety while operating with the lowest assets.
Finance
Multiple Revenue Streams by monetising all platform stakeholders.
10% Marketing fees on ad placements
10-25% Markup fees on every product.
4-6 EUR Delivery fee dependent on time slot.
on an average order size of 60 euros
Business model
Average order size of 70 euros
25% Total Margin on every order -> €17.4
Cost of payment, picker and driver -> €12.4
€5 gross margin on every order
Average Order frequency of 2.4 a month
* 2 month to break even customer on 25 CAC
Money will be spent on
43% Marketing Spend mixed between offline, online and retargeting campaigns
37% Product development incl. integration of new partners and shopping features
20% Customer Support and Satisfaction
Offer for investor
Attractive ROI within the next 4 years. Raising 750k Seed to scale Hamburg operations, hire a tech & ops team to open 2 more cities.
Targeting growth to acquire market share that will allow a Series A in early 2022 on 4x valuation.