Australia’s first instant online grocery supermarket, VOLY, has raised AU$18M in one of the nation’s largest-ever seed rounds led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital.
This funding round will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start the national rollout.
Following its launch in July 2021, VOLY has been preparing to take on the rapid food delivery market by delivering groceries to customers at incredible speed. It aims to make ordering groceries as easy and engaging as browsing Instagram and get them to you faster than you could do a trip to the supermarket yourself.
Employing its own riders, delivery centre and store staff, VOLY does away with the need for customers to spend time in physical retail environments by giving people the power to order and receive their groceries in minutes. With a delivery promise of 15 minutes or less; VOLY is set to disrupt the +$122bn local grocery industry.
Mark Heath, Co-CEO and Co-Founder of VOLY, said: “VOLY is here to completely change the way people shop for groceries by giving Australians back their most precious resource, time. Our model, from a fully employed delivery and dispatch team to the way we use electric bikes to deliver, is designed around the way people live. We firmly believe that our customers have a better experience when our riders and other staff are part of the company, working with us.”
