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eGrowcery - SaaS Online Retail Solution

Designed for the Independent Grocery Industry Worldwide - Series A Capital Raise

Categories Securities, Unissued Securities
Sale Type Asking Price
Price Guide USD Target capital raise USD$2.5M (pre-money valuation USD$9M)
Status: Open

Summary:

1. eGrowcery Part 1 - Company and Business Overview

2. eGrowcery Part 2 - Industry Overview, Channel Fragmentation & Competitive Analysis

3. eGrowcery Part 3 - eGrowcery Difference, Financials and Q&A

Grocery e-commerce is a growth industry with significant market insurgency with high consumer demand and low retailer supply. The global grocery industry represents over US$2 trillion in annual sales, with US$650 billion in the United States alone.

eGrowcery offers a turn-key online retail store solution to independent grocery retailers through provision of its Software as a Service (“SaaS”) platform. Offering an online store gives independent grocery retailers the ability to serve both current and potential new customers who wish to shop online and either “click and collect” or have their groceries delivered.

The Company has a fully developed and scalable software platform and is currently operating in the US and Australian markets, and is now ready to roll the platform out on a large scale, targeting deeper expansion into existing markets and broadening into new international markets.

The Company is seeking to raise US$2.5M at a pre-money valuation of approx. US$9M for Product Development, Sales & Marketing, Administrative Support and to extinguish certain liabilities of the Company.

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