Tech

Former COO Monzo raises £ 5m for Lollipop, grocery shopping assistant

Lollipop, an online food shopping assistant, has raised £ 5m in a seed round led by Octopus Ventures.

Lollipop will use the capital to continue developing its platform, which allows online food shoppers to plan meals and automatically add the necessary ingredients to baskets.

The firm is based in London and is headquartered in partnership with the British supermarket Sainsbury’s. Its platform, which is still in beta mode, allows users to add recipes, build custom meals, import external recipes and provides recipe suggestions based on nutritional and lifestyle needs.

The startup firm is targeting busy families who do not have the time to plan.

Chris Parsons and Tom Foster-Carter co-founded Lollipop in 2020, a former Monzo COO and co-founder of Curve. lollipops beta test launch in July last year for selected users.

“It’s already hard to run the shop and feed the family. As the cost of living rises, it’s becoming more difficult for very happy parents who want to eat healthily, live sustainably and stick to a budget, ”said Foster – Carter, Lollipop’s CEO.

Additional investment in the seed round came from Maki VC, Anterra Capital and Plug and Play. JamJar and Speedinvest have also been capitalized by previous investors.

Plug and Play’s investment comes after a UK launched last monthin partnership with Jaguar Land Rover and BT Group.

“We are delighted to partner with Lollipop in this new venture. Lollipop uses technology in an innovative way and we look forward to working together to bring more innovative food to more customers, ”said Matthew Roberts, Sainsbury’s head of digital strategy.

The Lollipop seed round continues its pre-seed in December 2020. The startup has recently relocated to storage space in London Bridge and aims to double its staff by the end of the year.

“We are seeing more and more ways to shop for groceries, from meal kits to hourly delivery offers, but 80% of households spend more than an hour a week planning meals and online shopping, ”said Matt Chandler, Investor at Octopus Ventures.

“There is a huge gap in supermarket thinking which makes it easier for families to choose tasty meals and shop without restricting their choice.”



Former COO Monzo raises £ 5m for Lollipop, grocery shopping assistant

Source link Former COO Monzo raises £ 5m for Lollipop, grocery shopping assistant

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